A subsidiary of Heritage Global Inc and a global leader in asset advisory and auction services, Heritage Global Partners (HGP) has been appointed by the US Bankruptcy Court to conduct an online auction for the assets of Caastle, Inc, a former B2B clothing logistics company.
This extensive sale features commercial laundry systems, warehouse infrastructure, and a large inventory of premium branded clothing. It presents a unique chance for secondary market retailers, commercial laundry operators, third-party logistics providers, and apparel resellers to acquire valuable equipment and merchandise.
This auction offers a comprehensive collection of late-model commercial laundry systems and thousands of high-quality apparel units from top brands, says David Barkoff, Senior Vice President, Heritage Global Partners. This is a rare and ideal opportunity for buyers in fashion resale, logistics, and textile services who are looking for well-maintained, ready-to-deploy assets, he adds.
Heritage Global Partners is a leading auction, liquidation, and asset advisory firm that is a part of Heritage Global Inc.'s Industrial Assets business unit. HGP is prominent in numerous industrial sectors, including Aerospace, Automotive, Biotech, Electronics Manufacturing, Energy, Food & Beverage, and more. Globally, HGP conducts between 150 and 200 auction projects annually.
Heritage Global specializes in valuing and monetizing industrial and financial assets by offering acquisition, disposition, valuation, and lending services for surplus and distressed assets. This work supports the circular economy by preventing useful industrial assets from ending up in landfills and ensures an ethical supply chain by overseeing post-sale activities for financial assets.
