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9/1 – Willoughby, Ohio – Cut Right Tools Corp.

LIVE WEBCAST AUCTION VIA BIDSPOTTER * COMPLETE & WELL MAINTAINED GRINDING SHOP * (3) WALTER 5-AXIS CNC TOOL & CUTTER GRINDERS (NEW 1999-1997)* BRIDGEPORT HARIG 618 CNC CENTERLESS GRINDER (NEW 2005) * FRIGADON AIR COOLED COOLANT CHILLER SYSTEM (NEW 2005) * TOOL & CUTTER, SURFACE, END MILL & DB. END GRINDERS * ATLAS COPCO 15 HP SCREW AIR COMPRESSOR (NEW 2005) * SUPPORT EQUIP & ACCESS-WALTER TOOLING * INSPECTION TOOLS * NIKON 16″ OPTICAL COMPARATOR * MISC. * OFFICE *

By order of the Administrator for the estate of Evan H. Smythe,
we will sell the assets on the premises at:

CUT-RIGHT TOOLS CORP.
38335 APOLLO PARKWAY, UNIT 4
WILLOUGHBY, OHIO
THURSDAY, SEPT. 1, 2011 10:00 A.M.
Download Complete Catalog

CNC GRINDERS: Walter Helitronic Mini Power 5-axis CNC tool & cutter grinder, s/n 7694, with coolant, filter system, Walter 5-axis CNC controls, New 1999…Walter Helitronic Power 5-axis CNC tool & cutter grinder, s/n 6584, with coolant, filter system, Walter 5-axis CNC controls, New 1997…Bridgeport Harig 618 converted CNC centerless grinder w/Tru-Tech PP8000 centerless grinding attachment w/power feed, rapid traverse, coolant, MSC Liquid filter, Tru-Tech control system, New 2005…

GRINDERS: Cincinnati tool & cutter grinder w/Hybco Mdl. 2100 relief grinding attachment, (2) Cincinnati Monoset tool & cutter grinders, K.O. Lee & Denver tool & cutter grinders, Parker Majestic #2 surface grinder w/6 x 18″ magnetic chuck, K.O. Lee surface grinder w/6 x 12″ magnetic chuck, (2) Jewett Mdl. II end mill grinders, Oliver vert. tool grinder, asstd. dbl. end grinders….

MISC. MACHINERY: Frigadon Mdl. FMW-80-TRP packaged air cooled coolant chiller system, s/n 05220SC, rated at 7.0 kw, .36 kg/second, New 2005..Atlas Copco tank mounted 15 HP screw air compressor, New 2005..Nikon Mdl. V-16A 16″ optical comparator, Walter Uno tool presetter w/programmable Tool-Chek 200, Darex 1/3 HP drill sharpener…

PLANT SUPPORT EQUIPMENT & ACCESS: (2) Torit dust collectors, electronic air cleaner, fiberglass & wood ladders, elec. pedestal fans, parts cabinets, steel storage shelving, work tables, shop vac, oxygen-acetylene torch & gages, grinding attachments, Walter tooling, asstd. tooling, inspection tooling, small qty. offices, misc., etc…

ALSO TO BE SOLD BY ORDER OF THE U.S. BANKRUPTCY COURT: In case # 11-1222, in the matter of Geoffrey A. Lieberman, David O. Simon, Cleveland OH Trustee: (1) Walter Helitronic Mdl. 400 5-axis CNC tool & cutter grinder, s/n 6657, with coolant, mist collector, fire safety system, Walter 5-axis CNC controls, New 1997….

TERMS: Onsite bidders must have 25% deposit via cash, certified checks, or company checks will be accepted ONLY if accompanied by bank letter of guaranty, with payment in full at the end of the sale. 12% Buyers Premium for onsite bidders. Online (Bidspotter) bidders must have a 25% deposit via wire transfer 24 hrs prior to the sale, or certified bank check for 25%, accompanied by bank letter of guaranty for the balance of funds. If we do not receive your DEPOSIT 24 hrs prior to the sale you will NOT be approved to bid online. 15% Buyers Premium for Online Bidding. ALL bidding and invoicing will be in US Dollars ($$) ONLY. All final payments must be wire transferred at the end of the sale. Visit www.bidspotter.com for online terms. Contact the Auctioneers for wire transfer information.

Inspection: Weds. Aug. 31, 2011, 10 am until 4 pm

Directions: Off Rte 2 , exit at Lost Nation Rd, go east, follow Lost Nation to Apollo Parkway (NOTE: If traveling from east-follow detour signs to get to Lost Nation)

PROXY BID: If you cannot attend this auction, we will gladly accept your phone or letter written offer, after your inspection…with deposit. Contact us for information.

Auctioneers: Rosen & Co. Inc. OH # 2010000107;
Kenneth B. Miller, OH 62197926009;
Clifford P. Henshaw, OH 62197925999
Stanley H. Rosen, OH 62197925719

IMPORTANT NOTICE: Although information has been obtained from sources deemed reliable, the auctioneer makes no warranty or guarantee, expressed or implied, as to the accuracy of the information herein contained. It is for this reason that buyers should avail themselves of the opportunity to make inspection prior to the sale.

Auction purchases now can be leased! To pre-arrange equipment financing provided by Direct Capital Corp, contact Jason Adler at (603) 433-9446 or jadler@directcapital.com.

Direct Capital
https://www.directcapital.com/apply/rosen/

ROSEN & COMPANY, INC. APPRAISAL DIVISION
Certified Industrial Machinery & Equipment Appraisals
Call 440-519-1860 for details

EXAMPLE OF BANK LETTER: “Customer Name and Company Name” is a customer of this bank. This bank will guarantee unqualified payment to Rosen & Co. Inc. on the account listed herein up to the amount of $________ (maximum). This letter is good until (date ). This letter also applies to all wire transfers. Payment by wire transfer accepted only by prior arrangement. Contact our Auction Division at 440-519-1860.

Note: Finder’s Fee Paid for information leading to our selling or buying complete manufacturing facilities, machine and fab shops, printing equipment, woodworking equipment, construction equipment, etc. Call Ken Miller, Cliff Henshaw, Sharon Parker at (440-519-1860) or Stanley Rosen, Rosen & Co West, at (702-821-1901).

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