SAN DIEGO--(BUSINESS WIRE)--Heritage Global Partners (“HGP”), a subsidiary of Heritage Global Inc. (NASDAQ: HGBL) and a worldwide leader in asset advisory and auction services, has been appointed by the Chapter 7 Trustee and US Bankruptcy Court to conduct two major online auctions of assets from Cue Health, a San Diego based healthcare technology and Covid-19 testing company, featuring over 2,000 lots of state-of-the-art equipment and assets.
The first auction will feature cutting-edge research, development, and laboratory equipment from Cue Health’s Carrol Canyon location in San Diego, CA, ideal for professionals in the biotech, pharmaceutical, and life sciences industries.
The second auction will encompass machine tools, packaging and assembly equipment, and facility support assets from Cue Health’s expansive manufacturing plant in Vista, CA, perfect for manufacturers, packaging companies, and facilities managers looking to enhance their operations with top-tier equipment.
David Barkoff, Senior Vice President at HGP commented, "We are thrilled to bring these assets to the marketplace and are confident these auctions will generate significant interest from buyers across a variety of industry sectors. The high quality and wide applications of the available equipment make this a unique opportunity. These facilities were excellently maintained and feature name-brand, late-model machinery that rarely appears on the secondary market. We look forward to a very successful project.”
Auction Details
Sale #1 – Carroll Canyon Laboratory
Online Bidding Opens: August 19, 2024
Online Bidding Closes: August 20, 2024, starting at 8:00am PDT
Registration and Details: View Catalog and Registration
Sale #2 – Vista Manufacturing Plant
Online Bidding Opens: August 27, 2024
Online Bidding Closes: August 28 and 29, 2024 starting at 8:00am PDT
Registration and Details: View Catalog and Registration
About Heritage Global Partners, Inc. (“HGP”)
HGP is a subsidiary of Heritage Global Inc. (NASDAQ: HGBL). HGP operates under the Industrial Assets business unit and is a full-service auction, liquidation and asset advisory firm which holds a prominent spot in the industrial sectors including Aerospace, Automotive, Aviation, Biotech, Broadcast & Postproduction, Chemical, Electronics Manufacturing, Energy, Food & Beverage, Heavy Construction, Metalworking, Oil & Gas, Pharmaceutical, Plastics, Printing, Real estate, Semiconductor, Solar, Textile & Woodworking, and others. HGP conducts 150-200 auction projects per year, globally.
About Heritage Global Inc. (“HG”)
Heritage Global Inc. (NASDAQ: HGBL) values and monetizes industrial & financial assets by providing acquisition, disposition, valuation, and lending services for surplus and distressed assets. This aids in facilitating the circular economy by diverting useful industrial assets from landfills and operating an ethical supply chain by overseeing post-sale account activity of financial assets. Specialties consist of acting as an adviser, in addition to acquiring or brokering turnkey manufacturing facilities, surplus industrial machinery and equipment, industrial inventories, real estate, and charged-off account receivable portfolios through its two business units: Industrial Assets and Financial Assets.
