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Major Precision Fastener Manufacturer Auction

Proxibid

AUCTION FORMAT

Live Onsite w/Webcast

AUCTION STARTS

Wednesday, March 6

10:00 a.m.

LOCATION

431 East Airtex Drive, Suite 200, Houston, TX 77073

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Directions

Click Here for a Video Slide Sale Presentation

DESCRIPTION

SURPLUS TO THE ONGOING OPERATIONS OF A LEADING FASTENER SUPPLIER: Featuring 2018 Doosan PUma GT3100L & GT2600L CNC Lathes; Bandsaws; Late Model Laboratory Measuring & Testing Equipment; 100's of Sections of Adjustable Pallet Rack & Cantilever Rack Systems; Shop Support Equipment; Offices; Much More!

Inspection Information

Inspection Start Date/Time

Inspection End Date/Time

Monday, March 4th, 9:00 a.m.

Monday, March 4th, 4:00 p.m.

Tuesday, March 5th, 9:00 a.m.

Tuesday, March 5th, 4:00 p.m.

Removal Instructions

MAJOR PRECISION FASTENER MANUFACTURER

431 EAST AIRTEX DR., #200

HOUSTON, TX 77073

 

LIVE ON-SITE w/WEBCAST

MARCH 6, 2024 * 10:00 A.M. CST

 

                         LEADMAN ONSITE:     JIMMY KIDD     CELL # 281-507-4512

                                                         

 

INSTRUCTIONS FOR WIRE TRANSFER:         ONLINE WITH THE FEDERAL

AMEGY BANK OF TEXAS, N.A.                       ABA ROUTING  #113011258                

4400 POST OAK PARKWAY                             

HOUSTON, TX  77027                                        SWIFT CODE:  ZFNBUS55       

                                                                                                ZB, NA, DBA AMEGY BANK

FOR THE ACCOUNT OF:

PLANT & MACHINERY, INC.                             ACCOUNT NO.  0039519

AUCTION ACCOUNT

1304 LANGHAM CREEK DRIVE, STE. 454  

HOUSTON, TEXAS  77084                                  

 

INSURANCE REQUIREMENTS FOR EQUIPMENT REMOVAL:

 

All Companies and/or individuals operating machinery or performing electrical work anywhere on the premises of a Major Precision Fastener Manufacturer must show proof of at least $1,000,000 (one million dollars) general liability as well as workers compensation insurance if you will have employees working on the auction site.

 

CERTIFICATE OF LIABILITY COVERAGE NAMING THE FOLLOWING AS CERTIFICATE HOLDER AND ADDITIONAL INSURED:

     Certificate Holder:                                                       Additional Insured:

     PLANT & MACHINERY, INC.                                       AXIAL ACQUISTION, LLC                                         

     1304 LANGHAM CREEK DRIVE, STE. 454                 ATTN: CARLOS LACAYO

     HOUSTON, TX  77084                                                 2500 DALLAS PARKWAY, STE.533

                                                                                       PLANO, TX  75093                                                                       

                                                                                                                           

Please have YOUR INSURANCE AGENT fax the completed Certificate of Liability Insurance to PLANT & MACHINERY, INC. at 713-672-7905 or email: desim@pmi-auction.com or lindaj@pmi-auction.com.

 

***ALL EQUIPMENT RELEASED TO RIGGING COMPANIES MUST BE IN WRITING***

(in order to release the equipment, we will need you to write who you have hired for removal on your invoice or company letterhead & fax / email to our office)    

 

PLEASE SIGN INVOICE AND RETURN BY FAX OR

EMAIL TO:  lindaj@pmi-auction.com

 

***PAYMENT DUE UPON RECEIPT*****

 

REMOVAL SCHEDULE:

 

WEDNESDAY, MARCH 6TH – hand carry items can be removed after sale ends & payment is made

                                               until 4 PM

THURS. & FRI., MARCH 7TH & MARCH 8TH   – 8 AM TO 4 PM

MON. – FRI., MARCH 11th  - MAR. 15TH   – 8 AM TO 4 PM

MON. – FRI., MARCH 18th  - MAR. 22ND  – 8 AM TO 4 PM

MON. – WED., MARCH. 25TH  - MAR. 27th – 8 AM TO 4 PM

FINAL REMOVAL DATE: WED., MARCH 27th BY 4 PM.

 

AREA RIGGING COMPANIES

 

Liberty Plant Maintenance, Scott Krzyzanowski- 936-681-8353 (office), 281-415-6720 (cell);

                                                                          riggerlpm@yahoo.com 

 

All Pro Machinery Movers, Jason Thorstenson – 346-208-6745 (cell), Cristi Garza – 832-388-0245 (cell); jason@allpromm.com; cristi@allpromm.com 

 

GM Trucking, LLC, Gerado Moreno- 832-368-8731 (cell); gmorenojr@gmtruckingllc.com 

 

 

TRANSPORTATION COMPANIES

 

* All-Ways Trucking Inc. – Karl Vonstrahl – 541-494-1465

 

* International Heavy Haulers – Fernando Pedroza – 727-466-4020 -

   fpedroza@intlheavyhaulers.com

 

* King of Freight – Tana Weber – 316-213-0708; tanaw@kingoffreight.com

 

* All Pro Transportation, LLC – Cristi Garza – 832-388-0245; cristi@allpromm.com

 

* B4 Logistics, Inc. – Jake Kerner – 940-300-2688 – jacobk@b4logistics.com

 

* Total Quality Logistics – Cassie Faucher-513-831-2600x36053 – cfaucher@tql.com

 

 

EQUIPMENT LEASING AND FINANCE COMPANY

 

TRIO CAPITAL – Kevin Gallagher, Senior Business Development Manager, 856-403-4412;

                            Kevin.Gallagher@triocapital.com

 

INNOVATIVE Lease Services – Scott Killen, Senior Account Manager, 800-438.1470 x 103; scott@ilslease.com

 

Terms & Conditions

An 15% Buyer’s Premium will apply onsite, an 18% Buyer's Premium will apply online. All bidders must register before bidding. All bidders are required to provide the following information when registering:

(full) Name of Individual
(full)) Company name and address
Telephone and fax numbers
Email address

Banking information will be required when registering. If successful bidder is exempt from applicable sales taxes, then the proper sales tax exemption form(s) for the physical location of the item sold at the auction will be required prior to removing the tax from the buyer’s invoice. The exemption form(s) must match the buyer information on the invoice.

This auction may require a credit or debit card 100% refundable deposit. Your credit/debit card added through the Bidspotter.com or Proxibid.com fully secure and PCI compliant registration process will be assessed a 100% refundable $3000 (US Bidder) or a $10,000 (Foreign Bidder) deposit in order to be approved to bid online within this auction. If you are unsuccessful in the auction, your card will be refunded of your deposit within 24 hours post auction.

AUCTIONEER DOES NOT TAKE CREDIT CARDS FOR AUCTION INVOICE PAYMENTS. All invoice payments must be made by Wire Transfer, Cashier’s Check, or, Company Check with letter from Bank guaranteeing unqualified payment of your check to Plant & Machinery, Inc. (PMI). Here is an example of what your letter should say:

[Mr. “Individual’s Name” representing “Company Name” is a customer of this bank. This bank will guarantee unqualified payment to Plant & Machinery, Inc. on the account listed herein up to the amount of $______. This letter is good until (insert expiration date 30 days from sale date).]

All checks for deposits and balances due shall be payable to the order of PLANT & MACHINERY, INC. unless instructed otherwise. In some cases, payments may be taken direct to the auction site. Otherwise, all payments must be paid to the Houston headquarters offices of the Auctioneer at 1304 Langham Creek Drive, Suite 454, Houston, TX, 77084, or, by wire transfer directly to the bank specified in the wire transfer instructions provided for this auction, or, if by check, sent via overnight delivery service with associated letter of Bank guarantee before removal of any of the goods takes place.

NOTE: ALTHOUGH ALL INFORMATION HAS BEEN OBTAINED FROM SOURCES DEEMED RELIABLE, AUCTIONEER AND SELLER MAKE NO WARRANTY OR GUARANTEE EXPRESSED OR IMPLIED, AS TO THE ACCURACTY OF THE INFORMATION CONTAINED IN OUR ADVERTISING OR SALE CATALOG. THE AUCTIONEER AND SELLER SHALL NOT BE RESPONSIBLE FOR THE CORRECT DESCRIPTION, GENUINENESS, AUTHENTICITY OF, OR DEFECT IN ANY LOT, AND MAKES NO WARRANTY IN CONNECTION THEREWITH. BIDDER, OR THEIR REPRESENTATIVE, AGREE TO PHYSICALLY INSPECT THE LOT(S) AND MAKE THEIR OWN VERIFICATION OF THE CONTENTS.

NOTE: NO SALE SHALL BE SET ASIDE NOR ALLOWANCE MADE ON ACCOUNT OF ANY INCORRECTNESS, ERROR IN CATALOGING, OR ANY IMPERFECTION NOT NOTED. NO DEDUCTION WILL BE ALLOWED ON DAMAGED ARTICLES, ALL ARTICLES BEING EXPOSED FOR PUBLIC EXHIBITION, AND SOLD “AS IS” AND WITHOUT RECOURSE. ARTICLES ARE NOT WARRANTED AS MERCHANTABLE OR FIT FOR ANY PARTICULAR PURPOSE, AND NO CLAIM MAY BE MADE BY PURCHASER RELATING TO THE CONDITION OR USE OF ARTICLES PURCHASED, OR FOR PROXIMATE OR CONSEQUENTIAL DAMAGES ARISING THEREFROM.

The Auctioneer is acting as agent only and is not responsible for the acts of its principals. Purchaser acknowledges, as an inducement to Seller to commit Purchaser to bid, that Purchaser has independently inspected the goods bid upon by the Purchaser, and acknowledges to the Seller that Purchaser is acquiring all goods “AS IS, WITH ALL FAULTS” and “WITH REMOVAL AT PURCHASERS’ RISK AND EXPENSE” and agrees to protect, indemnify and hold harmless the Seller from any and all claims, demands, causes of actions, liabilities and judgments relating to the conditions or use of the goods.

All purchases must be removed within two weeks after the bids have closed, or, within the timeframe posted on the sale web page or contained in the confirmation email sent to successful bidder. No lot can, on any account, be removed prior to PMI having been paid in full. Removal shall be at the expense, risk and liability of the Purchaser. Purchases will be delivered only on presentation of paid bill. Auctioneer shall not be responsible for goods not removed within the aforesaid time.

Riggers, movers, electricians or buyer performing work at the Auction Site(s) must provide Auctioneer with evidence of insurance. The insurance coverage must be at a level acceptable to Auctioneer and to the Seller. Auctioneer and Seller must be added as additional insured on the Certificate of Insurance.

Articles purchased may not incorporate approved activating mechanisms, operating safety devices or safety guards, as required by OSHA or otherwise. It is Purchaser’s responsibility that articles purchased be so equipped and safeguarded to meet OSHA and any other requirements before placing such articles into operation.

Purchaser agrees to indemnify and hold Auctioneer harmless from and against all claims and liabilities relating to the condition or use of the articles purchased or failure of user to follow instructions, warnings or recommendations of the manufacturer, or to comply with federal, state and local laws applicable to such articles, including OSHA requirements, or for proximate or consequential damages, costs or legal expenses arising therefrom.

No claims will be allowed after removal of goods from premises.

Auctioneer shall not, in any event, be liable for non-delivery or any other matter or thing, to any Purchaser of any lot other than for the return to the Purchaser of the deposit or sum paid on said lot, should the Purchaser be entitled thereto. Auctioneer is not responsible for online bidding system performance.

In default of payment of bills in full within the time therein specified, the Auctioneer in addition to all other remedies allowed by law, may retain all monies received as deposit or otherwise, as liquidated damages. Lots not paid for and removed within the time allowed herein may be resold at public or private sale without further notice, and any deficiency, together with all expenses and charges of re-sale, will be charged to the defaulting Purchaser.

Persons attending during exhibition, sale or removal of goods assume all risks of damage of or loss to person and property and specifically release the Auctioneer from liability therefor. Neither the Auctioneer nor his principal shall be liable by reason of defect in or condition of the premises on which the sale is held.

The Auctioneer reserves the right to withdraw from sale any of the property listed or to sell at this sale property not listed, and also reserves the right to group one or more lots into one or more selling lots or to subdivide into two or more selling lots. Whenever the best interest of a Seller will be served, the Auctioneer reserves the right to sell all the property listed, in bulk. Some items may be auctioned with reserve. Auctioneer reserves the right to accept bids from the Seller. This auction may contain consignments. The Auctioneer reserves the right to alter the order of sale. All bids are visible to the auctioneer. Auctioneer is not responsible for internet lags, delay, blackouts, or disconnects. Auctioneer shall determine the bidding increments used in this auction.

Where items are sold by estimated weight, count or measure, the Purchaser will be billed for and required to pay for the estimated weight, count or measure. If, upon delivery, any shortage exists, the Purchaser will receive a refund at the rate of purchase. If there be an excess, the Purchaser will be required to pay for such excess, at the rate of purchase.

The record of sale kept by the Auctioneer will be taken as final in the event of any dispute.

Seller, if not the same as the Auctioneer, shall have the rights, protections and benefits afforded to the Auctioneer as set forth herein.

Although it is not likely, auction sales are subject to cancellation or postponement. Kindly contact Auctioneer in advance of your travel to verify the current details about this auction.

ANY ADDITIONAL PROVISIONS OR AMENDMENTS TO THE ABOVE LISTED TERMS WILL BE POSTED TO THE ON-LINE SALE WEB PAGE BY THE AUCTIONEER PRIOR TO THE START OF BIDDING.

Important Documents

Image Gallery [CLICK ON IMAGE FOR FULL VIEW]

Additional PDFs

Removal Instructions
Inspection Information
Important Documents
Terms and Conditions

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