Heritage Global Partners to Auction CaaStle's Assets, Including Premium Clothing Inventory and Industrial Laundry Equipment

Heritage Global Partners (HGP) will conduct a court-approved auction of CaaStle, Inc.'s assets, including premium branded clothing inventory and industrial laundry equipment. The online bidding opens on September 8 and closes on September 9, 2025. The auction is expected to attract buyers from the fashion resale, logistics, and textile services sectors. HGP specializes in auction, liquidation, and asset advisory services across multiple sectors.

Heritage Global Partners (HGP), a subsidiary of Heritage Global Inc. (NASDAQ: HGBL), has been appointed by the U.S. Bankruptcy Court for the District of Delaware to conduct an online auction of assets formerly owned by CaaStle, Inc., a tech-enabled B2B clothing logistics company. The auction, scheduled to take place from September 8 to 9, 2025, will feature a wide range of premium branded clothing inventory and industrial laundry equipment, providing an opportunity for buyers from various sectors.

The auction will include a comprehensive offering of late-model commercial laundry systems and thousands of high-quality apparel units from top-tier brands such as Ralph Lauren, Ba&sh, Maje, Ann Taylor, and Banana Republic. The featured assets also include Realstar KM803 Dry Cleaning Systems, Wascomat EX677CL and EX645CL Commercial Washing Machines, Wascomet D783 Commercial Washing Machines, Wascomat TD83 Commercial Dryers, Leonard IM96SH Steam Tunnel Systems, and various garment racks, pallet racking, and label printers. Additionally, the auction will feature JLG ES3246 Electric Scissor Lifts, Raymond R40 Reach Trucks, Uline Vinyl Basket Trucks, and Uline Poly Box Trucks.

David Barkoff, Senior Vice President at Heritage Global Partners, stated, "This auction includes a comprehensive offering of late-model commercial laundry systems and thousands of high-quality apparel units from top-tier brands. We believe this rare opportunity represents an ideal sale for buyers across fashion resale, logistics, and textile services looking for well-maintained, ready-to-deploy assets."

HGP specializes in auction, liquidation, and asset advisory services across multiple 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. The company conducts 150-200 auction projects per year, globally.

The auction is expected to attract buyers from the fashion resale, logistics, and textile services sectors, providing them with an opportunity to acquire high-value equipment and merchandise at competitive prices.

References:
[1] https://www.theglobeandmail.com/investing/markets/markets-news/Business%20Wire/34282346/heritage-global-partners-to-conduct-court-approved-auction-of-caastle-inc-s-clothing-inventory-and-industrial-laundry-equipment/
[2] https://www.nasdaq.com/press-release/heritage-global-partners-conduct-court-approved-auction-caastle-incs-clothing