Heritage Global Partners and Prestige Auctions to Conduct Complete Plant Closure Auction of NOV Dayton Chemineer Facility

SAN DIEGO--(BUSINESS WIRE)--Heritage Global Partners (“HGP”), a subsidiary of Heritage Global Inc. (NASDAQ: HGBL) and a worldwide leader in asset advisory and auction services, in conjunction with Prestige Auctions, today announced it will conduct an online auction of assets from National Oilwell Varco’s (NOV) Dayton facility – formerly known as Dayton Chemineer. The auction will take place Thursday, March 12, 2026, at 11:00 a.m. ET, with assets located in Dayton, Ohio.

The complete plant closure auction includes late-model CNC machining and fabrication systems, inspection and finishing equipment, tolling and plant support assets representing the full production workflow of the facility.

The Dayton Chemineer facility supported manufacturing of industrial mixing and processing equipment for global energy and industrial markets. Available assets are suited for aerospace, energy, heavy equipment, precision fabrication, and general manufacturing applications, reflecting the facility’s diverse production profile.

Auction Highlights Include:

• 2017 DMG MORI NT6600DCG/4000CS CNC Mill-Turn Center with Long Boring Bar Option
• 48” x 393” Tacchi HD/3 600 x 10000 CNC Lathe with Live Milling & Y-Axis
• Large Capacity Engine Lathes by Monarch and Lang
• CNC Horizontal and Vertical Machining Centers
• Flow CNC Waterjet and Plasma Cutting Systems
• Sinker EDMs, Welding Department, and Finishing Systems including Wheelabrator Rotary Blast Deburr System
• Extensive Tooling and Inspection Equipment
• Forklifts, Pallet Racking, and Facility Support Items

Interested parties can view the catalog and register to bid Here.

The auction is expected to attract interest from buyers across North America and internationally, reflecting continued demand for high-quality used manufacturing equipment as companies seek cost-effective capacity expansion. Online bidding allows qualified buyers to participate remotely while accessing detailed asset descriptions, photos, and scheduled on-site inspection opportunities.

Pre-auction offers are currently being accepted on select major assets. Equipment inspections will be held Wednesday, March 11, 2026, or by appointment.

“Opportunities to acquire this concentration of large-capacity CNC and fabrication equipment from a single operating facility don’t come around often,” said Tim Shaeffer, Director of Business Development at Heritage Global Partners. “It’s the kind of lineup that works for both expanding shops and buyers looking to upgrade older capacity.”

“Coordinated marketing across established industrial buyer networks is critical in plant closure events of this magnitude,” said Adam Herman, General Counsel of Business Development at Prestige Auctions. “This sale includes a number of world class, late-model machines, including multi-axis large capacity CNC milling and turning equipment. We anticipate strong interest from manufacturers looking to expand their capabilities with high-quality assets.”

About Heritage Global Partners Inc. (“HGP”)

HGP is a subsidiary of Heritage Global Inc. (NASDAQ: HGBL). HGP operates under the Industrial Assets business unit and is a full-service auction, liquidation and asset advisory firm which holds a prominent spot in the industrial 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. HGP conducts 150-200 auction projects per year, globally.

About Heritage Global Inc. (“HG”)

HG values and monetizes industrial & financial assets by providing acquisition, disposition, valuation, and lending services for surplus and distressed assets. This aids in facilitating the circular economy by diverting useful industrial assets from landfills and operating an ethical supply chain by overseeing post-sale account activity of financial assets. Specialties consist of acting as an adviser, in addition to acquiring or brokering turnkey manufacturing facilities, surplus industrial machinery and equipment, industrial inventories, real estate, and charged-off account receivable portfolios through its two business units: Industrial Assets and Financial Assets.

About Prestige Auctions

Prestige Auctions (Prestige Equipment) is a worldwide leader in the procurement and sales of used metalworking machinery, fabricating equipment and complete manufacturing facilities. Prestige Auctions specializes in custom asset management programs, industrial auctions, private treaty sales, ongoing liquidations and other solutions for manufacturing companies. Founded in 1990, Prestige has a proven track record of providing customized solutions to maximize the value of your industrial assets.