August 19, 2020
9:00 AM Mountain Time
Colorado Springs, CO
Day 1 - Full Facility Closure of Western Forge, a division of Ideal Industries Inc. - A Leading American Hand Tool Manufacturer
Pre-Auction Offers Invited for Major Assets
Assets for Sale Include - 3.5" Extrusion Lines, Large Selection of Plastic Support Equipment, Profilators, Nickel Plating Line, Heat Treat, Finishing, Screw Machines, Dowel Machine, Machine Tools, Tool Room, Forging Department - 3,000 lb ~ 1,500 lb Die Forgers & Hammers, Induction Heaters, Reducer Rolls, Chisel Machining Cell, E Coat Line, Pad Printers, Factory Support & Much More
Monday, August 17 & Tuesday, August 18. INSPECTION IS BY APPOINTMENT ONLY. No one will be allowed access to the facility without prior appointment. All coming on site for inspection day must sign a liability waiver and must be wearing long pants, close-toed shoes, and facemask. We also can accommodate inspections held via video calling.
An 18% Buyer's Premium will be charged on all assets purchased by buyers providing full payment is made within 48 hours following the sale. Acceptable forms of payment are cashier's check, company check (with bank letter of guarantee) or wire transfer within 48 hours of the sale close. For any Buyers failing to pay within the 48 hour stated payment period, the Buyer's Premium will be increased to 21%. Everything will be sold to the highest bidder, in accordance with the Auctioneer's customary "Terms of Sale", copies of which will be posted on the Auctioneer’s website and subject to additional terms announced the day of sale. All items are sold "As is, Where is" without any warranty, express or implied.
Smaller, hand-carry lots must be removed by Tuesday, August 25. Large assets must be removed no later than Friday, September 4. All removal is strictly on an appointment only basis. Anyone removing purchased items with a lift truck or another powered vehicle must have a certificate of insurance with a $2M General Liability policy, and that certificate must be provided to the auctioneer for review and approval prior to the auction.