Heritage Global Partners to Conduct Auction of Blue Ridge Panels’ Industrial Particleboard and Home Decking Manufacturing Equipment and Related Assets on October 31

October 05, 2012 10:30 AM Eastern Daylight Time


San Diego, CA and Lenoir, NC – (BUSINESS WIRE) – Heritage Global Partners (“HGP”), a global leader in asset advisory and auction services and a wholly owned subsidiary of Counsel RB Capital (OTCQB: CRBN), today announced its upcoming plant closure sale of the complete industrial particleboard and home decking manufacturing equipment, real estate (subject to seller’s confirmation) and related assets of North Carolina-based Blue Ridge Panels, Inc.  The auction will be conducted via a live global online webcast in various piecemeal configurations.

The sale of Blue Ridge Panels’ assets begins Wednesday, October 31, 2012 at 7:00 a.m. ET and ends Thursday, November 1, 2012 at 10:00 a.m. ET.  The live global online webcast auction, combining HGP’s state-of-the-art auction webcast capabilities together with partner BidItUp.com, is accessible via www.hgpauction.com/?auctionid=269. An onsite preview of the assets for interested participants will be held October 30th from 9:00 a.m. to 4:00 p.m. ET at 820 Complex Place, Lenoir, NC 28625.  For more information contact George Wandachowicz (see contact info below).

The aggregate sale includes, among other items, Blue Ridge Panels’ Schenk Matformer and a Bison Pathex Hydraulic Hot Press, both complete with conveyors and forming lines; an Anthon Gmbh and Co. dual axis CNC panel sizing system; as well as a Steinemann six-headed sander complete with 90 ton lift, in and out feed conveyors, edgers and gang rip saw – 30 ton lift.  The global auction will also feature facility support tools, transformers, air compressors, large pumps and much, much more.

“We anticipate very active participation from worldwide buyers for this unique opportunity to acquire high-quality particleboard equipment and home decking manufacturing assets,” stated Heritage Global Partners Vice President George Wandachowicz.

Led by auction industry pioneers Ross and Kirk Dove, Heritage Global Partners is one of the leading worldwide asset advisory and auction services firms, assisting large and small companies with buying and selling assets.  A Counsel RB Capital company (OTCQB: CRBN), HGP specializes in asset brokerage, inspection, and valuations, industrial equipment and real estate auctions, as well as enterprise auctions combining tangible and intangible assets.