Former Assets of

Velan Inc. (2)

Final Sale of The Facility’s Remaining Assets



Thursday, August 6, 2020

Start Time

10:30 AM EDT


BY APPOINTMENT ONLY. Please email to arrange a date and time.


All assets must be removed no later than Wednesday, August 26 by appointment only.


Assets Located at 3 Facilities in Montreal, QC




FEATURING: PIETRO CARNAGHI ATF 14M, CNC twin pallet vertical turning and live milling center w/ (2) 55” diameter pallets; TOS SUS63, engine lathe; (2) VPC powered rotary tables; IRCO 1K6X6 tilt & rotate welding positioner; PANDJIRIS 30-6 48, tilt & rotate welding positioner; LAPMAST 36, rotary lapping machine; AMERICAN T-5-24, 5 ton hydraulic broach; CANABLAST (2012) M1848, shot blast cabinet; IRCO TTC 12X12, welding positioner; MILLER & LINCOLN welders, (100+) CAT 50 tool holders & MORE!


Ex Trans Cargo Inc.
Kerry-Ann Labranche
Direct Line: 1.514.894.5644


  • PIETRO CARNAGHI (1996) ATF 14 TM CNC twin-pallet vertical turning and live milling center with SIEMENS SIMUMERIK 840C CNC control, 55” diameter pallets, 63” maximum machining diameter, 59” maximum machining height, 65.9” maximum distance table to cross rail, travels X-152.70”, Z-49.20”, 28” cross rail vertical travel, 12 station head changer with (5) turning heads, (2) right-angled CAPTO milling heads, (1) CAT50 straight milling head, (1) CAT50 right angled milling head and (1) RENISHAW MP3 touch probe, 40 station ATC with (30) CAT50 and (10) CAPTO VDO stations, speeds to 350 RPM in (2) ranges with 80 HP main drive motor, 3,000 RPM maximum milling speed with 40 HP milling drive motor, coolant, chip conveyor, 460V/3PH/60HZ, s/n: 96471 (Asset # 15203)


  • TOS SUS63 engine lathe with 28” swing, 85” between centers, 19.5” 3-jaw chuck, speeds to 1,120 RPM, 2.5” spindle bore, IN/MM threading, HEIDENHEIN 2-axis DRO, coolant, steady rest, spare chuck, 600V/3PH/60HZ, s/n: 0450052 (Asset # 11212)
  • EUMEGA (2001) MDV4 vertical turret milling machine with 10”x50” table, speeds to 4,200 RPM infinitely variable, ACCURITE DRO, power draw bar, power table, coolant, 575V/3PH/50-60HZ, s/n: 3835 (Asset # 18113)


  • PANDJIRIS 30-6 48 tilt and rotating positioner with 3000 LBS capacity, S/N 18309X04-38
  • PANDJIRIS 8X8 motorized manip welding manipulator, S/N 400 9064
  • IRCO 1K6X6 tilt and rotating positioner with 1,000 LBS capacity S/N 0749
  • IRCO TTC 12X12 rotary welding positioner, S/N 3012
  • MILLER SYNCROWAVE 351 digital TIG welder, S/N KG095878
  • MILLER AXCESS 450 auto MIG digital welder, S/N N/A
  • CANABLAST (2012) M1848 shot blast cabinet with media recovery, S/N 1108
  • AMERICAN T-5-24 hydraulic broaching machine with 5 TON capcity, S/N 5435
  • LAPMASTER 36 horizontal lapping machine with 36” capacity, S/N N/A
  • LAPMASTER 48 horizontal lapping machine with 48” capacity, S/N 45048
  • (100+) CAT 50 tool holders, 25x25 pallets & MORE!



Terms & Conditions

Corporate Assets Inc. assumes no liability for errors or omissions on this Web site. Corporate Assets Inc. expressly reserves the right to determine the manner of conducting the auction as it may deem appropriate. All subject to prior sale.


A Buyer's Premium of 18% for all Webcast (Remote) bidders will apply at this sale.
Pre-Approval by Corporate Assets Inc. will be required to participate in the sale. Potential Bidders must register and be approved (in person for Onsite auctions or online for Live Webcast auctions). Bidders may be asked to complete the "Buyer Deposit Form" and provide a deposit equal to 25% of their requested Purchasing Limit (the maximum amount they plan to spend) plus the Buyer's Premium (see above for applicable Buyer's Premium) and must be made by Interac e-transfers or Direct Bank Wire Transfer1.
To ensure approval as a Bidder, please contact us to make arrangements as far in advance of the sale as possible. The deposit must be received no later than 1 business day prior to the commencement of the sale2. For Bank Wire Transfer details, please contact our office at 416.962.9600 and request to speak with an Accounting Administrator.


  1. Please keep in mind that bank charges may apply to incoming and/or outgoing wire transfers by your/our bank/financial institution.
  2. To meet the Terms and Conditions of Sale, please keep in mind that wire transfers traditionally take between 2 - 4 business days to be processed by your bank. For Bank Wire Transfer details, please contact our office at 416.962.9600 and request to speak with an Accounting Administrator.

Invoices for the balance of the purchase price will be emailed and/or faxed to successful bidders within 24 hours of the close of the auction and are due upon receipt.

Payment in full must be made before or immediately after the conclusion of the auction.
For International (Non-Canadian and Non-U.S. Residents) Buyers all payments and deposits shall ONLY be made by wire transfer.
For Canadian and U.S. Buyers, all payments can be made by wire transfer, certified cheque, bank draft, Interac Debit, Visa, Mastercard, Interac e-transfers, or company cheque accompanied with a valid bank letter of authorization guaranteeing irrevocable payment to Corporate Assets Inc. in the following format: "Name of Bank hereby guarantees irrevocable payment of cheques payable to Corporate Assets Inc. up to Amount in Words & Currency for purchases made by our client Name of Client. This letter is valid for purchases made at the auction of Name of Auction being held in City, State/Province on Date."



  • Payment by way of Visa, Mastercard will ONLY be accepted for purchases, and not for deposits, from buyers whose total invoice does not exceed $2,500.
  • Payment by way of Interac e-Transfers will ONLY be accepted for purchases from buyers whose total invoice does not exceed $25,000.
  • Payments may be made in advance of the auction by way of wire transfer and any balance in excess of the balance owing will be refunded after the auction.



The Auctioneer reserves the right to put articles back up for auction if a deposit is not received at or before the time of sale.

Removal Details

Applicable for all Purchasers, their employees, riggers, machinery movers, contractors, and agents who participate in the disconnection and/or removal of items purchased at auction.


Purchasers are responsible for removing all articles purchased unless an Exclusive Rigger* has been designated for the sale. “CI” on the purchaser’s invoice designates that a proper certificate of insurance is required before any item marked “CI” can be mechanically removed. Furthermore, properly authorized rigger release instructions, in writing, are required by Corporate Assets Inc.’s office before a Purchaser/Mover/Rigger can commence removal of these items. These forms can be downloaded below.





*For sales with Exclusive Riggers, removal fees will apply. Please refer to the posted Lot Catalogue for pricing. Fees do not include container loading, blocking/bracing, specialty packaging, shipping, or other services. Trucking and transport services may be available through a third-party supplier. More details below. The Buyer's Premium does not apply to posted rigging fees.

Shipping Services

For small items where a pallet isn't required or items are already in packages/boxes, Corporate Assets Inc. can arrange shipping via UPS or FedEx or using a buyer’s business account. The cost will be the responsibility of the buyer. Please contact to arrange.

* For shipping large items, trucking and transport services are available through Fuze Logistics Inc.
Fuze Logistics Services Inc.
Mr. Chris Tan

US Inbound Customs Brokers

*Cross border logistics, including fees and customs clearance, are available through third-party brokers.
Montgomery International Brokers
Bill Clune or Melanie Koerber
716.875.5100 EXT 105
Omega Customs Brokers Inc
Ralph Ronderos
305.592.5656 EXT 1005 or