Surplus Assets of

GlasTek Industries

Late Model Glass Processing Facility

Date

Thursday, December 15, 2022

Start Time

10:30 AM EST

Inspection

Wednesday, December 14 from 10 AM to 4 PM.

Removal

All assets must be removed no later than Wednesday, December 28 by appointment only.

Location

5050 Edwards Blvd., Mississauga, Ontario, Canada, L5T 2W3

Industry

Fabricating

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FEATURING: GOLD GLASS TECHNOLOGIES (2017) M.R.C 2850-M CNC flat glass paint line; GLASTON-TAMGLASS (2014) FC-500-2848-380L tempering furnace; TRIULZI (2001) VTIS.SP.2600.4.2.2 vertical glass washer; INTERMAC (2014) VERTMAX 2.6 CNC twin head cut-out drill and shaping machine; FORVET (2016) FRANCESCA 1250 H.O. CNC twin head drilling and milling machine; FORVET (2006) FC 16M1250 CNC twin head drilling and milling machine; (3) BESANA LOVATI R11TS glass edging/mitering machines; BESANA LOVATI R11TV (2005) straight glass edging/polishing machine; METRAL S.A. shaper polisher; HYSTER S120XL2S LPG forklift with 9900 lb. capacity; MFG UNKNOWN 31’ 11” x 33’ free standing gantry crane system & MORE!

CNC FLAT GLASS PAINT LINE

GOLD GLASS TECHNOLOGIES (2017) M.R.C 2850-M CNC flat glass paint line with 93” x 45” power infeed and outfeed conveyors, paint up to 86”max wide, 1/8” to 1 ¾” thickness glass, touch screen controls, GOLD GLASS TECHNOLOGIES GD7000 paint drying machine with 88” x 56” power infeed and outfeed conveyors, (3) VACUVANE VSC0140-1MT850-6 convection heating fan blowers, (3) VACUVANE VSC0140-1MT850-6 cooling fan blowers, MITSUBISHI GOT2000 10.4” VGA touch screen control, MITSUBISHI FX5 PLC, s/n: VAGO-405-10/VAGO-500-06

TEMPERING FURNACE

GLASTON-TAMGLASS (2014) FC-500-2848-380L tempering furnace with 117” x 201” power infeed conveyor, 117” x 171” power out feed conveyor, 110” x 188” max glass size, 5/32” to ¾” glass thickness, (132) top heating coils and (54) bottom heating coils, temp up to 670 degrees Celsius 1238 degrees Fahrenheit. (2) KOJA (2014) KSXMB-090-3-LG80Z-1475-2-1-ER-KT quenching furnace blower fans with 1900 1/min max speed, s/n: FC1463

GLASS WASHER

TRIULZI (2001) VTIS.SP.2600.4.2.2 vertical glass washer with 110” max glass wash opening, 99.5” x 98.5” power infeed and outfeed roller conveyor and blower exhaust unit s/n: DO.U.40101

CNC GLASS DRILLING MACHINES

INTERMAC VERTMAX 2.6 (EST 2014, installed 2015) CNC twin head cut-out drill and shaping machine with 23 station ATC, 40 taper spindle, 102” x 197” max glass size, 5/32”-1”max thickness, 12,000 rpm max spindle speed, (new PC and updated software) s/n: 1000005558
FORVET (2016) FRANCESCA 1250 H.O. CNC twin head drilling and milling machine with (2) 8 spindles per turret, thru spindle coolant, work piece up to 49” wide x 1” thick, 40” x 108” work table with pneumatic clamping s/n: n/a
FORVET (2006) FC 16M1250 CNC twin head drilling and milling machine with (2) 8 spindles per turret, thru coolant spindles, work piece size up to 49” wide x 1” thick, 40” x 108” work table with pneumatic clamping s/n: C0319/06

GLASS FINISHING MACHINES

(3) BESANA LOVATI R11TS glass edging/mitering machine with 11 spindles, 1/8” to 1.57” max glass thickness, 0-60 degrees angle range, 25”-120”/second feed rate s/n: 6371013, 6271211, 5751103.
BESANA LOVATI R11TV (2005) straight glass edging/polishing machine with 11 spindles, 1/8” to 1.57” max glass thickness s/n: 5970905
METRAL S.A. shaper polisher with 8 suction heads s/n: n/a

MATERIAL HANDLING

HYSTER S120XL2S LPG forklift with 9900 lb. capacity, 208.7” max. lift height, 3 stage mast, side shift cushion tires, 2894 hours (recorded on meter at time of listing), s/n: D004V08061R
MFG UNKNOWN 31’ 11” x 33’ free standing gantry crane system with SPACEMASTER II 7.5 ton electric hoist with pendent control, 17’ 7 58” underhook, 31’ 11” span, s/n: n/a

LIVE WEBCAST ONLY

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.

DOWNLOAD CORPORATE ASSETS INC. FULL TERMS & CONDITIONS

MODALITÉS ET CONDITIONS DE VENTE

Payment

A Buyer's Premium of 18% for all Webcast (Remote) bidders will apply at this sale.
THIS SALE WILL BE CONDUCTED IN CAD.

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.

Please keep in mind that bank charges may apply to incoming and/or outgoing wire transfers by your/our bank/financial institution.
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.

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Download Buyer Deposit Form

CAD Wire Transfer Details

USD Wire Transfer Details

GBP Wire Transfer Details

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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.

Please read our Full Terms & Conditions for Removal Requirements

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.

Rigger Release Authorization Form

Sample of 'Certificate of Insurance' or 'CI'

*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 pickup@corpassets.com to arrange.

* For shipping large items, trucking and transport services are available through Fuze Logistics Inc.

Fuze Logistics Services Inc.
Mr. Chris Tan
941.702.3310
machinerylogistics@fuzelogistics.com
www.fuzelogistics.com

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 buffalo@montyinternational.com www.montyinternational.com	Omega Customs Brokers Inc Ralph Ronderos 305.592.5656 EXT 1005 ralph@omegacb.com or omegacb@omegacb.com www.omegacb.com