Surplus to the Continuing Operation of a

World Class Aluminum Processing Facility

Exceptional Offering of Heavy Machining & Fabricating Equipment



Wednesday, November 14, 2012

Start Time

10:30 AM EST






Fabricating | Machining


EXCEPTIONAL OFFERING OF HEAVY MACHINING & FABRICATING EQUIPMENT FEATURING: SKODA 6" floor type HBM, LEOPOLDO PONTIGGIA 83"/99" swing gap bed engine lathe, MONARCH DYNA-SHIFT 32" X 216" lathe, MAZAK SLANT TURN 35-ATC M/C turning & milling center, MAZAK M5N 2000 U CNC lathe, MAZAK MAZATECH V-655/60 twin pallet VMC, MAZAK MAZATECH H-800 twin pallet HMC, WEBSTER & BENNETT 48" vertical boring mill, TOS 98" X 24" bed type vertical milling machine, CARLTON 6 radial arm drill, LANDIS 16C 2" lead screw threader, MITTS & MERRILL hydraulic key seater, CHEVALIER FSG 1224 AD hydraulic surface grinder, ACCURSHEAR 10' X .5" hydraulic shear, PROMECAM RG80-30 hydraulic press brake, BERTRAM 42" 300 ton hydraulic wheel press, DAVI (2002) 5' X .25" initial pinch plate bending rolls, EUROMAC 65 ton hydraulic horizontal bender, MARVEL 8-MARK II tilt frame vertical band saw, ARONSONHD25A 15000 lbs. welding positioner, WAYNE FORGE 102H-48 electric box furnace, HERULES 1 ton free standing crane system, TRANSCRANE 2 ton free standing crane system, over 20 jib hoists, ALSO: Over 100 LISTA type tool cabinets, steel tables up 20' X 10', taper shank drills, collets, clamping sets, tool holders, gauges, broaches, cutters, end mills, reamers, carbide insets, valves, bearings, electrical spares, micrometers, depth gauges, verniers, height gauges, fasteners, air tools, power tools, hand tools, fire proof cabinets, vises, dividing heads, pullers, lifting accessories, taps, dies, thread repair kits, welding supplies, steel inventory, and much much 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.


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