Industrial Auction News 393

3rd March 2020 – Auction of Hardwood Flooring Manufacturing Equipment

Corporate Assets Inc. has extensive experience in asset management, auction and appraisal for a wide range of industries and businesses. This March this firm will sell, in an auction conducted in cooperation with IRS, assets from a hardwood flooring manufacturing facility. The assets come to the market following the closure due to bankruptcy of the Satin Flooring plant, located in Toronto.

Satin Flooring was established in 1922. The company specialised in the manufacture of solid and engineered hardwood flooring products, and in the import and distribution of vinyl flooring, supplying to flooring contractors and home builders.

Bidding in the auction closes on the 3rd of March. Items featured in the sale,(which can be inspected by appointment only) include:

Doucet GPS-120, end matching line; Weinig Powermat 2400, B,T,L&R opposed flooring moulder; UV Curing / Finishing Lines; Mereen Johnson gang rip saw lines; Kentwood RS-6, randomizer automated scraping floor machine; Wintersteiger thin cutting frame saw; grinding & sharpening department; engineered flooring line; Schroeder flooring lines; lumber grading & stacking lines; hydraulic presses; planing, wire & material handling lines; Weima wood grinders; large capacity indoor/outdoor dust collectors; Kaeser air compressors and dryers; Baxter, Verticut and Delta bandsaws; belt sanders; bench grinders. Extensive selection of plant and production support, machining and maintenance equipment, indoor and outdoor forklifts.

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