Hilco Global, the world’s premier authority on asset valuation, monetization, and advisory services, announced that they have been retained to assist in the liquidation of U.S. and international operations for Shop-Vac.
Shop-Vac was established in 1953 and is headquartered in Williamsport, Pennsylvania. The company pioneered the concept of the wet/dry vacuum cleaner and was the leading manufacturer of wet/dry vacuums and accessories when it ceased operating in September 2020.
Hilco Global will be assisting the company with selling all assets, including intellectual property, real estate, inventory, and machinery & equipment. In addition, Hilco Global will be consulting the company on winding down its manufacturing production and collecting outstanding accounts receivable.
Details of the sale are available here.