Auction Information

LONGHORN STEEL & FLAMECUTTING, INC.


Date/Time: Thursday 9/15/2016
Location: 12229 FM 529 Houston, TX 
Auction Type: Public Auction
Auction Categories: Industrial & Manufacturing

Auction Contact Information

Contact Name:  
Company:  Plant & Machinery, Inc.
Address:  P.O. Box 19100  Houston TX, 77224-9100
Phone:  713-691-4401
Fax:  713-672-7905

Auction Description

STEEL PLATE PROCESSING PLANT CLOSING Featuring: Large Capacity CNC Burning Tables; (2) Femco CNC Mdl. BMC110R2 Table Type Horizontal Boring Mills; Forklifts Incl. Taylor 30,000 Lb. Cap. Diesel & Toyota 9,000 Lb. Cap. Diesel; I.H. 22' Flatbed Truck; Ironworker; Welding Machines; Engine Lathes; Bandsaw; Air Compressor; Scissor Type Manlift; Much More!

Inspection

Inspection will be Wednesday, September 14th from 9:00 a.m. to 4:00 p.m. and the morning of the sale.

Directions

FROM GEORGE BUSH INTERCONTINENTAL AIRPORT: Exit airport area south towards Beltway 8. Turn right (west) onto Beltway 8 frontage road and enter the freeway. Beltway 8 will become the Sam Houston Toll Road. Proceed counter-clockwise around the city until you see the exit for Hwy. 290/Austin. Proceed west on Hwy. 290 and take the next exit for Jones Road. Turn left (south) onto Jones Road and proceed to FM 529. Turn right (west) onto FM 529 and proceed to the traffic light at Fairview. Turn left (south) at the Fairview light and you will be entering into the Northwoods Industrial Park. Proceed to the second Longhorn Steel building ahead on your left at address number 12229. Watch for auction signs.

Terms & Conditions

A 15% Buyer's Premium will apply on-site. An 18% Buyer's Premium will apply via webcast.

A 100% refundable $3000 (US Bidders) or $10,000 (Foreign Bidders) may be required for webcast bidding.

Everything will be sold to the highest bidder or bidders for cash in accordance with the auctioneer's Customary Terms of Sale, copies of which will be posted on the premises.

ALL PAYMENTS MUST BE MADE BY CASH, CASHIER'S CHECK, WIRE TRANSFER OR COMPANY CHECK WITH BANK LETTER GUARANTEEING PAYMENT TO PLANT & MACHINERY, INC.

Here is an example of what your letter should be: Mr. "Customer Name" is a customer of this bank. This bank will guarantee unqualified payment to PMI on the account listed herein up to the amount of $________. This letter is good until _________.

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. All items must be removed by the time announced at the start of the sale.

Lots not paid for and/or removed within the time allowed may be resold at public or private sale without further notice, and any deficiency, together with all expenses and charge of resale, will be charged to the defaulting purchaser.

The buyer acknowledges that he or an agent has inspected all of the assets upon which he will be bidding and/or does purchase.

Buyer agrees to accept assets purchased "AS IS,""WITH ALL FAULTS" and "WITH REMOVAL AT BUYER'S RISK AND EXPENSE."

THE AUCTIONEER EXPRESSLY DISCLAIMS ON THE PART OF THE AUCTIONEER AS AGENT AND THE SELLER, ANY WARRANTY AS TO FITNESS OR USABILITY OF ALL THE ASSETS, AND THE BUYER EXPRESSLY WAIVES ANY CLAIM IN RESPECT TO ANY POSSIBLE FUTURE USE OF ANY ASSET PURCHASED FOR ANY PURPOSE WHATSOEVER.


The buyer does hereby assume and does agree to indemnify and hold the auctioneer harmless from any future claim which shall pertain to the fitness or use of that asset as being purchased. Riggers, movers, electricians and buyers performing work at the Auction Site must provide PMI with evidence of insurance. The insurance coverage must be at a level acceptable to PMI and to the seller. PMI reserves the right to withdraw items, alter the order of the sale, accept bids from the seller, and group lots as it may deem appropriate.

Although all information has been obtained from sources deemed reliable, the auctioneer and seller make no warranty or guarantee, expressed or implied, as to the accuracy of the information herein contained, or contained in our catalog. It is for this reason that buyers should avail themselves of the opportunity to make inspection prior to the auction. Although it is not likely, auction sales are subject to cancellation or postponement. Kindly contact auctioneer prior to attendance.

These terms and conditions may be modified or supplemented by language in the catalog available at the sale site or by announcement at the start of the sale. Bidders should be attentive to those announcements and to the catalog language.