Heritage Global Partners Announces Riverside Auction

5/5/2014
Heritage Global Partners, a global provider of asset advisory and auction services and a subsidiary of Heritage Global Inc., will manage a series of sales for Riverside Manufacturing Company, a provider in the industrial work wear industry.

This auction covers the complete removal of assets from its U.S. sewing plants and related cutting and warehousing on Riverside's corporate campus located in Moultrie, Georgia. The sale is a result of Riverside's decision to close its US sewing operations in favor of manufacturing by contractor partners. Riverside's home office remains in Moultrie, Georgia and it will continue to service and supply its customers through its national sales force and facilities located in Atlanta, Ga., and the Dominican Republic.

Riverside Manufacturing Company Sale #1
June 4, 2014 (7 am ET) – June 6 (10 am ET)

Apparel Equipment/Facility Public Preview: June 02, 2014 – June 03 (9 am – 5pm) at 1301 West Central Avenue, Moultrie, GA 31768 or by appointment (contact Ty Lindley with questions or information)

Key Assets:
  • 3,000 sewing machines covering every make and model (major brands)
  • Gerber fabric plotting, spreading, and cutting equipment
  • Tajima embroidery machines
  • Seaming, pressing, and steam equipment (major brands)
  • Generators, fork lifts, air compressors, vacuum pumps, trucks, and other support equipment
  • $700K+ of original cost sewing machine parts
  • $900K+ of original cost excess fabrics and textiles
  • More than $4.5 million of original cost discontinued/excess finished jackets, shirts, pants, and other apparel
"We anticipate strong demand from worldwide buyers as the upcoming auctions of Riverside's manufacturing plant assets includes an unprecedented offering of high-quality industrial sewing machines and apparel manufacturing equipment from leading brands, raw materials and discounted/excess finished goods inventory," said Ty Lindley, Heritage Global Partners director of sales.

"HGP is conducting the year's largest sale of apparel manufacturing assets in North America, by far. We have a great selection of industrial machinery and equipment and encourage interested bidders to review the upcoming inventory on our website as the full catalog will be available soon."

Heritage Global Partners is one of the leading worldwide asset advisory and auction services firms. Learn more at www.hgpauction.com.
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