Heritage Global Partners and Integra Asset Solutions Host Exclusive Online Auction Featuring Furniture Manufacturing Equipment from Flexsteel Industries

Heritage Global Partners (“HGP”), a subsidiary of Heritage Global Inc. (NASDAQ: HGBL), in partnership with Integra Asset Solutions, is pleased to announce an exclusive online auction featuring woodworking and furniture manufacturing equipment from Flexsteel Industries. This auction presents a prime opportunity for businesses and individuals to acquire a wide array of machinery and equipment for furniture production and more.

Bidding will take place online with lots starting to close at 10:00 AM EDT on May 21, 2024. Interested parties should register to participate through the auction website.

Flexsteel Industries is one of the largest manufacturers, importers, and marketers of residential furniture products in the United States. The sale features a wide range of machinery and equipment tailored to meet the needs of furniture manufacturers seeking to expand their production capabilities.

Highlights of the Equipment Available at the Auction Include:

• Routers: Featuring renowned brands like KOMO, including the KOMO VR 510 Mach X and the KOMO HS 1605.
• Fabric Cutters: Offering precision and efficiency with Gerber DCS-3500 and GTXL CE models.
• Material Handling & Vehicles: A range of forklifts, trucks, and trailers, including brands like Hyster, Columbia, and International.
• Sewing Machines: Over 30 Durkopp Adler 867-190322m sewing machines available.
• Compressors: Essential for various manufacturing processes, including models from Spencer, Hoffman, Ingersoll, and Gardner Denver.

Prospective bidders will have the opportunity to preview the equipment on May 20, 2024, from 8:00 AM – 4:00 PM (ET), or by appointment. Contact Mark Reynolds at 708-765-3989 or [e-mail] for scheduling.

David Barkoff, Senior Vice President at Heritage Global Partners, expressed enthusiasm about the upcoming auction, stating, "We are thrilled to partner with Integra Asset Solutions in presenting this exclusive opportunity to the furniture manufacturing industry. The equipment available at this auction represents top-tier quality and performance, ideal for businesses aiming to elevate their production processes."

Mark Reynolds, Managing Director and Partner at Integra Asset Solutions, highlighted the significance of the auction, saying, "This event marks a unique chance for companies to acquire woodworking and furniture manufacturing equipment. With offerings including Komo Routers, this auction provides a unique opportunity for companies to acquire a wide variety of machinery to enhance their manufacturing capabilities."