Day 1 - Full Facility Closure of Western Forge, a division of Ideal Industries Inc. - A Leading American Hand Tool Manufacturer

Client name held by request.
Sale Date

August 19, 2020
9:00 AM Mountain Time

Live Auction via Webcast

Colorado Springs, CO


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
Print Details

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.

Pre-Auction Offers Invited for Major Assets

To avoid any public gatherings, there will be no onsite participation in this Webcast-only auction. All bidders will be able to place live, real-time bids using a desktop or mobile device (the exact same way Webcast bidders have participated in previous sales) and can listen live in real-time to the auctioneer's audio stream.

Link to Day 2 of Western Forge / Ideal Industries Webcast-Only Auction: Click here

Link to Day 3 of Western Forge / Ideal Industries Online Auction: Click here

4607 Forge Rd
Colorado Springs, CO 80907
Hilco Industrial
Pre-Qualify for Financing with ENGS Commercial Finance Co
Richard Fege
(847) 471-7422
[email protected]
Pedowitz Machinery Movers
James Forman
O: (252) 234-2888
C: (561) 234-8758
[email protected]

All Enterprises, Inc
Jason Aldinger
C: (602) 524-9262
[email protected]

US Machinery Movers
Tom Kraemer
(847) 875-6284
[email protected]

Allied Rigging
Rick Raymond
(937) 251-9800
[email protected]

Duffy Crane & Hauling
Kendricks Witherspoon
Ph: (303) 778-8484
C: (303) 809-0875
[email protected]

RMS Rigging
Jeff Roper
O: (719) 426-3407 x17333
C: (720) 471-7381
[email protected]

IMMEC Transport, Inc
6600 N Lincoln Ave, Ste 306
Lincolnwood, IL 60712
Contact: Yanett Torres
Phone: (312) 445-8795
[email protected]