GRAND RAPIDS, MI -- Liquid Asset Partners LLC purchased all the assets of the Barcalounger and American of Martinsville furniture factory in Martinsville, VA in a consortium with HPC3 and Joerns Healthcare.
The consortium won after 10 rounds of heated bidding with Liquid Asset Partners purchasing the physical assets of the company including finished product, raw materials, office equipment, company vehicles and factory equipment.
The liquidation sale of all furniture inventory, leather, fabric, wood, raw materials, vehicles, and factory equipment will be open to the public starting on Tuesday August 31 at the Martinsville, VA, offices and factory locations.
The sale is open to everybody from consumers to companies seeking deals on used woodworking equipment. It will include thousands of pieces of furniture, recliners, chairs, office equipment; raw materials, leather and factory equipment.
Read Liquid Asset Partners' press release.
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