Heritage Global Partners to Manage Global Online Auction of Artco Group Heavy Plate Manufacturing Assets
Beginning November 29
Heritage Global Partners (“HGP”), a worldwide leader in asset advisory and auction services and a subsidiary of
Heritage Global Inc. (OTCQB: HGBL, CSE: HGP) (“HGI”), today announced it will manage an upcoming global online
auction featuring assets of Artco Group, a leading provider of custom heavy plate fabrication and processing solution services across North
America, South America and Europe. The sale will begin November 29, 2016, on the condition that a well-capitalized going concern
buyer or buyers is not identified by Heritage Equity Partners (“HEP”), HGI’s premier M&A advisory and investment banking services division, prior
to the anticipated auction date.
The online auction will include high-quality assets from two of the Artco Group’s heavy plate and fabricated component
manufacturing facilities, including:
- Pacific Model Hydraulic Press Brakes
- Cincinnati Model Hydraulic Press Brakes
- Bertsch Model Thick Capacity Hydraulic Plate Bending Roll
- Kumla & Mekaniska Model Thick Capacity Hydraulic Plate Bending Roll
- Arson Model Sub-Arc Welding Manipulator
- Chenlong Model T Plate Saw
- Pangborn Model Swing Rotary Blast
- Taylor Model 2-Head CNC Flame Cutting System
- Sub Arc Welding Cells
- Large quantities of steel
- General facility support
A public preview will be held on November 28 at both locations beginning at 9:00 am PT. Auction registration and a complete sale
catalog are available at www.hgpauction.com. For questions or preview information contact Craig Thompson, HGP VP of Sales.
“This upcoming auction presents bidders with a tremendous opportunity to acquire state-of-the-art heavy plate manufacturing and
fabrication equipment, ideal for flame and saw cutting, bending grinding, heat treating and shot blasting, as well as large
quantities of high-quality raw steel material,” stated Craig Thompson.
HEP continues to solicit bids to acquire Artco Group’s Houston and Hannibal locations. Additional information is available at
www.equitypartnershg.com. For inquiries please contact Fred Cross, HEP Managing Director.
Heritage Global Inc.
Craig Thompson, +1-858-847-0658
cthompson@hginc.com
or
Heritage Equity Partners
Fred Cross, +1-866-969-1115 Ext. 2
fcross@equitypartnershg.com
or
JCIR
Jennifer Neuman or Nicole Briguet, +1-212-835-8500
HGP@jcir.com
View source version on businesswire.com: http://www.businesswire.com/news/home/20161103005322/en/