2 Day Auction Offering Manufacturing Assets of Leading Tier 3 Brake System Parts Mfr.

Sale Date

December 13, 2023
10:00 AM Eastern Time

Live On-Site Auction with Simultaneous Webcast

Concord, ON Canada

Bid On-Site & Online! Featuring 700+ Lots Including: (10) FEINTOOL, MORI Fine Blankers - new as 2019, up to 880 ton; (11) COE, COLT, PERFECTO, DALLAS Fine Blanker Coil Feed Lines - new as 2020; (10) MINSTER, KOMATSU, AIDA, BROWN BOGGS SS Presses - up to 600 Ton; (8) CORSTEEL Hyd Presses - new as 2022, up to 250 Ton; (16)OBG & OBI Presses - up to 220 Ton; (32) Servo Feeder, Cradle/Straighteners, Uncoilers & Straighteners; Part Finishing & Washing/Drying Equip.; (9) Overhead 10 Ton & 5 Ton Bridge Cranes - (2) Free Standing; 470 Tons of Coil Steel; 1,300 Ton of Stamping Dies; Factory Support Equip.; etc.
Print Details

View Lot Listing

Inspection

Sale preview will be held on Monday, December 11 from 8:30AM to 4:00PM ET.

Payment

A 16% buyer's premium will be charged on all assets purchased by buyers attending the sale in person and any Webcast or Online Buyers will be charged an 18% buyer's premium, 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 18% (bidders attending the sale in person) or 20% (Webcast or Online Bidders). 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.

Documents

Deadlines

All items must be removed no later than Wednesday, January 31. 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, the policy must include a Worker's Compensation rider, and that certificate of insurance must be provided to the auctioneer for review and approval prior to the auction.

IMPORTANT INFORMATION

Perfection Industrial Sales is pleased to announce we will be conducting the Util Canada 2-day auction event live, on-site at 270 Spinnaker Way in Concord (Toronto), ON. We welcome all to attend in person at this unprecedented auction event. Bidders also have the option of bidding online via webcast.

Pre-Auction Offers Invited for Major Assets

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Auction Conducted in US Funds (USD)

800+ Lots at December 12 Webcast Auction

LOCATION

270 Spinnaker Way
Concord, ON L4K 4W1

CONTACT INFORMATION

Jennifer Reiner
(847) 545-6374
[email protected]

IN CONJUNCTION WITH

RIGGING CONTACTS

TBD

TRUCKING CONTACTS

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