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updated: 11/5/2013 10:35 AM

Northbrook firm to manage disposition of Texas cabinet company

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Globe Newswire

Northbrook-based Hilco Industrial and Hilco Merchant Resources have been hired to manage the disposition of all assets including machinery, equipment and finished goods inventory for the San Antonio-based Cardell Cabinetry, Inc.

Cardell closed its business on Sept. 8.

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"The assets to be sold should generate significant interest given how well recognized Cardell has been in the industry over the years," said Steve Wolf, CEO of Hilco Industrial. "The Cardell brand has been considered one of the top quality manufacturers of fine cabinetry and woodworking based in the United States and known for innovative designs built on state of the art machinery and equipment."

To inquire about purchasing machinery in advance of the auction please visit www.hilcoind.com.

The liquidation auction events will take place during the week of Dec. 9, with more than $20 million of inventory including finished goods and raw materials for sale.

"There are significant assets for sale given the facility in Texas had over 900,000 square feet of manufacturing capacity," Wolf said.

Finished product and raw materials will be available for bulk purchase in advance as well.

Hilco Industrial and Hilco Merchant Resources are business units of Hilco Global, a privately-held, diversified financial firm.

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