Surplus Assets of a

Large Paper Mill

Major 3000+ Lot Event — 2 Day Sale!

Date

Wednesday, June 29, 2022 - Thursday, June 30, 2022

Start Time

8:30 AM EDT

Inspection

June 27 & 28 from 9 AM to 5 PM. Or please email info@corpassets.com to arrange an alternate date and time.

Removal

All assets must be removed no later than Thursday, July 28 by appointment only. Rigging details to follow.

Location

3363 Davis Rd, Thorold, Ontario, Canada, L0S 1A0

Industry

Forestry / Pulp & Paper

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3000+ LOT SALE FEATURING: PLANT SUPPORT EQUIPMENT including (10+) NASH & SIEMENS heavy-duty vacuum pumps; (6+) METSO and BELOIT stainless steel rotary screens with a complement of new and reconditioned stainless steel baskets, GORMAN RUPP & VALMET large diameter fan pumps, primary filtration systems, lube systems and heat exchangers, 4500 KVA dry-type transformers, HUGE QTY of ALLEN BRADLEY CENTERLINE MCC panels; SIEMENS & ABB VFDs; ENTIRE CONTENTS of an approx.15,000 SQ/FT STORES building featuring MULTI-MILLION DOLLAR AT COST MRO inventory including a HUGE (300+) SELECTION of ELECTRIC MOTORS up to 1,000 (ONE THOUSAND) HP, HUGE INVENTORY of STAINLESS STEEL valves BRAND NEW AND RECONDITIONED ranging from 2" to 32" diameter, LARGE QTY of stainless steel and titanium GOULDS SPX high shear pump impellers and pump housings, GOULDS high volume corrosion resistant pumps, high shear stainless steel transfer pumps, large quantity of gear boxes, sheaves, sprockets, driveline components, huge inventory of transformers, high and medium voltage wire; spare parts inventory, flow meters, valves, fastening hardware, worm gear boxes, speed reducers, electrical, electronic supplies and components, brand new FAG/SKF/TIMKEN/NSK BEARINGS inventory; ROLLING STOCK comprising (2) GE diesel electric shunt locomotives, (8+) LINDE, CLARK & HYSTER LPG forklifts, (2) TENNANT LPG ride on floor sweepers, maintenance/yard trucks and trailers; MAINTENANCE SHOP featuring SIRCO and TOS big center engine lathes, ASQUITH radial arm drill, TOS HOSTIVAR universal milling machine, surface grinders, vertical slotter, LINCOLN ELECTRIC, MILLER and HOBART welders, PLYMOVENT and NEDERMAN portable snorkel type fume extractors, (3) NEDERMAN snorkel fume extractors, ENERPAC 50 ton shuttle press, RIDGID pipe threaders, KNAACK & GREENLEE rolling job boxes with contents, ENERPAC electro-hydraulic portable power packs with hydraulic jacks up to 150 ton cap, GREENLEE hydraulic pipe and conduit benders, RUGER 2 ton rolling shop crane, large quantity of hydraulic power packs, (20+) double door flammable storage cabinets; selection of LAB EQUIPMENT featuring (4+) FISHER SCIENTIFIC ISOTEMP lab ovens; BLUE M lab oven; DESPATCH lab oven, NIKON microscopes, (4+) METLER-TOLEDO & SARTORIUS digital balance scales, selection of beakers and lab glassware; (2) ATLAS COPCO GA32 screw type air compressors; nice selection of ferrous and non-ferrous sheet and plate stock, bar stock, square, round and angle stock; jib cranes with hoists up to 5 ton capacity; hand tools, power tools, woodworking shop and MUCH, MUCH MORE!

THE EXCLUSIVE RIGGER FOR THIS SALE IS:

THE BMI GROUP
auction@thebmigroup.ca
1-855-282-5327

*For everyone’s safety removal at this site is conducted strictly by appointment only. All buyers must contact auction@thebmigroup.ca to set their pick-up appointments upon payment in full. No walk-in removal will be permitted on this site. Buyers and/or drivers without an appointment or outside of their allotted time slot will be turned away.

Please refer to the Lot Catalogue PDF for full removal details.

ONSITE & ONLINE

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 onsite bidders and 18% for all Webcast (Remote) bidders will apply at this sale.
THIS SALE WILL BE CONDUCTED IN USD.

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.

Download Full Payment Information

Download Buyer Deposit Form

CAD Wire Transfer Details

USD Wire Transfer Details

GBP Wire Transfer Details

EUR Wire Transfer Details

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