Correcting & Replacing: HGP Appointed to Mange Deluxe Labs Facility Sale

By May 8, 2014Press Releases

CORRECTING and REPLACING Heritage Global Partners Appointed to Manage Equipment Sale for Deluxe Laboratories, Inc’s Hollywood Film Processing Facility, One of the World’s Leading Film Processing Facilities
(Business Wire) May 08 10:41 AM EDT

Global Online Auction Set For June 3-5

HERITAGE GLOBAL PARTNERS APPOINTED TO MANAGE EQUIPMENT SALE FOR DELUXE LABORATORIES, INC’S HOLLYWOOD FILM PROCESSING FACILITY, ONE OF THE WORLD’S LEADING FILM PROCESSING FACILITIES

Global Online Auction Set For June 3-5

Heritage Global Partners (“HGP”), a global leader in asset advisory and auction services and a subsidiary of Heritage Global Inc. (OTCQB:HGBL)(CSE:HGP), today announced that, following Deluxe Laboratories, Inc’s previously announced exit from the film processing business, it has been selected to manage the upcoming equipment sale for Deluxe Laboratories, Inc.’s film processing facility in Los Angeles, CA. The three-day sale, including equipment from 18 different asset classes, is slated for June 3-5, with a public preview on June 2.

Deluxe Laboratories, Inc. – Auction/Complete Facility Equipment Sale
June 3, 2014 (7 am PT) – June 5 (10 am PT)
Plant Sale (5433 Fernwood Avenue, Los Angeles, CA) – Public Sneak Preview on June 2 (9 am – 5 pm)

Key Assets:

    —  Complete Film Processing Lines

    —  Complete Film Printing Lines

    —  Post-Production Suites

    —  Packaging Equipment

    —  Analytical Lab

    —  Tanks and Vessels

    —  Pumps and Motors

    —  Complete Machine Shop

    —  State-of-the-Art IT Equipment and Server Room

    —  300+ Executive Offices and Workstations

    —  Corporate Cafeteria

    —  Wide Array of Facility Support Equipment and Scrap Metal

 

“The three-day Deluxe Laboratories, Inc. global online auction truly has something for everyone, including equipment across many different asset classes,” stated Nick Dove, Heritage Global Partners Director of Sales. “Deluxe has been a global leader in film processing for close to a century. Complete film processing and printing lines, packaging equipment and an analytical lab are all part of our online auction. In addition, the facility support including boilers, chillers, compressors and electrical paneling are also for sale,” concluded Mr. Dove.

A second auction will be held in July, featuring facility support-related equipment that will no longer be needed as the building will be demolished following the equipment sale.

Heritage Global Partners is one of the leading worldwide asset advisory and auction services firms. HGP specializes in asset brokerage, inspection, and valuations, industrial equipment and real estate auctions, and much more.