Heritage Global Partners and Integra Asset Solutions are teaming up to offer an exclusive online auction of woodworking and furniture manufacturing equipment previously belonging to Flexsteel Industries. This event represents a not-to-be-missed opportunity for businesses in the furniture manufacturing sector to acquire high-quality machinery and equipment to scale up their production capabilities.
The online auction, which boasts a vast selection of items essential for furniture production, is scheduled to close at 10:00 AM EDT on May 21, 2024. Participants interested in bidding are encouraged to register in advance to ensure they do not miss out on this chance to upgrade their manufacturing operations with top-tier equipment.
Flexsteel Industries, recognized as one of the major players in the manufacture, importation, and marketing of residential furniture in the United States, has made available an extensive variety of machinery and equipment. The auction includes everything furniture manufacturers need to either kickstart their operations or expand existing production lines.
Highlighted Equipment Available for Auction:
The preview day for the auction is set for May 20, 2024, from 8:00 AM to 4:00 PM (ET). Interested buyers have the option to view the items in person or schedule an appointment for a different time. This opportunity allows potential bidders to inspect the equipment firsthand, ensuring it meets their production requirements and standards.
David Barkoff, Senior Vice President at Heritage Global Partners, shared his excitement about the auction, stating, “We are thrilled to partner with Integra Asset Solutions in presenting this exclusive opportunity to the furniture manufacturing industry. The equipment available at this auction represents top-tier quality and performance, ideal for businesses aiming to elevate their production processes.”
Mark Reynolds, Managing Director and Partner at Integra Asset Solutions, also spoke on the significance of the event, “This event marks a unique chance for companies to acquire woodworking and furniture manufacturing equipment. With offerings including Komo Routers, this auction provides a unique opportunity for companies to acquire a wide variety of machinery to enhance their manufacturing capabilities.”
Heritage Global Partners, Inc. (“HGP”), a subsidiary of Heritage Global Inc. (NASDAQ: HGBL), is renowned for its full-service auctions, liquidation, and asset advisory in various industrial sectors. Annually conducting 150-200 auction projects worldwide, HGP has established a prominent presence in industries ranging from aerospace to woodworking.
Heritage Global Inc. specializes in the valuation and monetization of industrial and financial assets. The company provides a wide array of services, including acquisition, disposition, valuation, and lending, to aid the circular economy by ensuring that useful industrial assets are reused rather than discarded, thus contributing to a more sustainable and ethical supply chain.
Integra Asset Solutions offers comprehensive liquidation and valuation services for commercial and industrial assets. With an extensive background in managing complex liquidations, Integra is equipped to monetize any asset on the balance sheet, including machinery, inventory, real estate, and accounts receivable, maximizing recovery values for distressed or surplus assets.
This auction represents a pivotal moment for furniture manufacturers to secure the equipment necessary for enhancing their production capabilities, fostering growth in their operations, and potentially leading to increased profitability and market presence.
