Loquitec Retained to Liquidate Hoboken Assets

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Loquitec Retained to Liquidate Hoboken Assets

Wayne, NJ, November 20, 2007--LiquiTec Industries Inc. has been retained by Wachovia Bank to handle liquidation of assets of Hoboken Floors and its subsidiary operation SPI Floors LLC in conjunction with Realization Services Inc.

 

LiquiTec, the liquidation arm of AccuVal Associates, has begun the liquidation of over $50,000,000 of flooring inventory, including tile, hardwood floors, carpet, finishes, accessories, tools, and related inventory.

 

Until recently, Hoboken Floors was the top independent hard surface flooring distributor in the country, with more than 20 branches and 600 employees at its peak.

 

Hoboken distributed a variety of brands including Faus, Armstrong, Domco, Azrock, Mirage, BR111, Woods of Distinction, Tiles of Distinction, Designer’s Choice carpet, and Studio Ceramics tile.

 

LiquiTec provides complete disposition services, including Webcast auctions, online auctions, orderly liquidations and business brokerage.

 


Related Topics:Mirage Floors, Armstrong Flooring