Heritage Global Partners to Manage Disposition of Surplus Metal Working and Machine Shop Assets Used in Compression Industry Product Manufacturing Beginning December 15

ALBERTA, Canada & BOGOTA, Colombia & SAN DIEGO--(BUSINESS WIRE)--Heritage Global Partners (“HGP”), a worldwide leader in asset advisory and auction services and a subsidiary of Heritage Global Inc. (OTCQB: HGBL, CSE: HGP), today announced it will manage an upcoming global online auction from four locations featuring surplus metal working and machine shop assets of Compressor Products International (“CPI”), a division of EnPro Industries, beginning December 15.

CPI is an innovative international manufacturing and services business offering precision engineered compressor components, lubrication systems and support services to compressor operators.

Global Online Auction: CPI Surplus Metal Working and Machine Shop Assets
Beginning December 15, 2015 (7:00 am PST)

Site #1	Calgary, Canada	Lots expire 12/16
Site #2	Grand Prairie, Canada	Lots expire 12/17
Site #3	Lac la Biche, Canada	Lots expire 12/18
Site #4	Bogota, Colombia	Lots expire 12/18

Over 500 lots of manufacturing assets used to produce high quality sealing components, compressor valves, packing, piston and rider rings, among other products are available for purchase, with equipment highlights including:

• TOS BORING MILL WHN13 CNC
• Goff Model 4860SHT
• SKT 25 LATHE
• TOS CYLINDRICAL GRINDER (BHU 50A/3000)
• G32P-1000NC Universal Cylindrical Grinder (12.6 X 40, Automatic Feed)
• OLYMPIA CNC HORIZONTAL BORING MILL
• QUF008A MILLING MACHINE
• 2005 HAAS BAR 300 BAR FEEDER, C/W 60" INFEED TABLE
• HYUNDIA KIA VX400G LATHE

A public preview of the assets will be held December 13-14, at all Canada locations, with the Bogota location by appointment only. Contact Tom Laster, HGP Director of Sales, with questions.

“CPI is a leading manufacturer of precision engineered sealing components for the compression industry. We have received strong interest from buyers around the world, as this auction presents a unique opportunity for bidders to acquire CPI’s high-grade surplus assets at attractive prices,” stated Kirk Dove, HGI Chief Operating Officer.

“The upcoming auction features a wide variety of well-maintained, late model equipment ideal for manufacturing compressor valves, hyper components, lubrication systems and many other industrial products for compression operators and other industries,” added Tom Laster.

Heritage Global Partners is one of the leading worldwide asset advisory and auction services firms.