Day 1 of 4 - UNPRECEDENTED OPPORTUNITY Due to the Closure of a 1 Million Square Foot Locomotive Manufacturing Facility - MULTI-DAY 5,000 Lot Auction of Machines and Equipment

Client name held by request.
Sale Date

May 18, 2021
9:00 AM Central Time

Live Auction Via Webcast

McCook, IL

 

Featuring: Complete Machine Shop, Tool Room, and Welding Department, Including Boring Mills, Vertical Turning Lathes, Horizontal & Vertical Machining Centers, Turning Centers, Lathes, Mills, Grinders, Tooling, Headstock & Tailstock Welding Positioners, Seam Welders, Miller & Lincoln Power Sources, Plasma Power Sources, Ovens, Furnaces, Wash Systems, Paint Booths, Tool Boxes, Power Tools, Pneumatic Tools, Stronghold Cabinets, Vidmar Modular Cabinets, and More
Print Details

Inspection
Sale preview will be held on Friday, May 14 and Monday, May 17 by appointment only. Please schedule your inspection appointment in advance by calling +1-847-545-6374 or email [email protected] NOTE: All visitors to the plant must be 18 years or older and must wear long pants and close-toe shoes.
Payment
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 20%. All invoices paid with a credit card are subject to a 20% Buyer's Premium. 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.
Deadlines
Removal of purchased lots begins on Monday, May 24. All small, hand-carry lots must be removed by Friday, June 4. All other items must be removed no later than Friday, June 11. All removal is strictly on an appointment only basis.

Rigging Note: All Buyers must use rigging companies specified by Progress Rail. A list of approved riggers can be found below and will be included with all invoices.
IMPORTANT INFORMATION

Pre-Auction Offers Invited for Major Assets

NOTE: All visitors to the plant must be 18 years or older and must wear long pants and close-toe shoes.

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.

Additional Days:   Day 2 Details   Day 3 Details   Day 4 Details

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LOCATION
9301 W. 55th Street
McCook, IL 60525
CONTACT INFORMATION
EXCLUSIVE RIGGING CONTACTS
Pedowitz Machinery Movers
Carl Creak
Phone: (417) 217-0828
[email protected]

U.S. Machinery Movers
Randy Olson
Office: (847) 679-1320
[email protected]

Diamond Rigging
Ken Morrissey
Office: (630) 879-6500
Cell: (630) 330-1540
[email protected]
TRUCKING CONTACTS
IMMEC Transport, Inc
6600 N Lincoln Ave, Ste 306
Lincolnwood, IL 60712
Contact: Yanett Torres
Phone: (312) 445-8795
[email protected]