Hilco Industrial to Manage Textiles Manufacturer Asset Sale

NORTHBROOK, Ill., Oct. 4, 2017 /PRNewswire/ -- Hilco Industrial announced today that they will manage the sale of machinery & equipment belonging to JT Contractors, a contract denim jean manufacturer located in Vernon, California. The company recently formed a joint venture with a supplier of denim material. The asset mix includes over 700 standard machines that can be used in many applications across many industries. There are also some automated pieces specifically designed for the denim and heavy work wear markets.

The closure of the facility offers apparel and denim manufacturers an opportunity to purchase a wide variety of production equipment from many of the leading OEMs. These manufacturers and types include: Brother, Consew, Hoffman, Japsew, Juki, Kansai, Malavasi, Mitsubishi, Naomoto, Pegasus, Reece, Rimoldi, Singer, Union Special, Wilcox, Yamato and more.

Miscellaneous Items Include

Fabric Laser Robot, Screen Printing, Pants Turners, Thread Rewinders, Fabric Racks

The sale will be a timed online auction on Hilcobid. The auction will open on October 19^th and the first lots will begin closing at 5 p.m. ET on October 26^th.

Assets can be viewed on October 25^th from 9 a.m. - 4 p.m. PT at 2345 E. 48^th St., Vernon, Calif. 90058.

To arrange an inspection, access more detailed information about the assets being sold, or to learn more about the online bidding process, visit https://www.hilcoind.com/en/sale/textiles-manufacturer or contact:

Tim Pfister ? [email protected], +1 847.313.4747

About Hilco Industrial
Hilco Industrial (www.hilcoind.com) provides industrial asset acquisition and disposition services, specializing in machinery, equipment and inventory auctions and negotiated sales.  It sells the broad range of industrial assets found in manufacturing, wholesale and distribution companies.  Hilco Industrial buys and sells assets through on-site, online and combination webcast auction sale events as well as negotiated (private treaty) sales.  In addition to providing services on a fee or commission basis, Hilco Industrial puts capital at risk and often acquires assets or provides guarantees.  Hilco Industrial is part of Northbrook, Illinois based Hilco Global (www.hilcoglobal.com), the world's leading authority on maximizing the value of business assets by delivering valuation, monetization and advisory solutions to an international marketplace.

SOURCE Hilco Industrial