The global financial services firm headquartered in Northbrook, Illinois has leveraged its significant retail and inventory disposition expertise to purchase thousands of vital retail products including canned food, cleaning supplies, anti-bacterial wipes, baby wipes, insect repellent and other items and has delivered them to the American Red Cross relief and distribution effort currently underway. Additionally, through Hilco’s ongoing corporate giving program called Hilco Helps, the employees of Hilco Global around the world have donated thousands of dollars in a company matching program that has been directed to REBUILD TEXAS at www.rebuildtexas.org and the Florida Disaster Fund www.floridadisasterfund.org, both organizations which deliver 100% of the funds donated directly to victims of Hurricanes Harvey and Irma and Maria.
Hilco Global sourced and purchased products worth over $400,000 from several retail suppliers including The Bizarre Inc. of Chicago, Illinois, and Mark Glassman Inc. of Cleveland, Ohio. Among the thousands of products shipped were 107,000 cans of tuna fish, and thousands of packages of Cutter Insect Repellent, over 10,000 Anti-Bacterial Wipes and Baby Wipes and thousands of gallons of Mean Green Cleaner and Clear Value Bleach. Products were shipped by rail and truck to the American Red Cross shipping and distribution center in Orlando, Florida and are being distributed at shelters and relief stations in Puerto Rico, the US Virgin Islands, Florida and Texas immediately.
“The entire Hilco Global family of employees is dedicated to turning our deep concern for the victims of these recent natural disasters into tangible action and results,” said Jeffrey B. Hecktman, CEO of Hilco Global. “We wanted to do something that could quickly assist those impacted by the recent series hurricanes and felt that in addition to matching our employee’s dollar donations, we could leverage our ability to quickly access retail inventory and donate it to victims that need the very basics like food and cleaning supplies,” Hecktman said.
Hilco Global management quickly mobilized to support the American Red Cross, the Rebuild Texas Fund and the Florida Disaster Fund through financial and product donations. EVP and Chief Marketing Officer, Gary Epstein indicated that, “Hilco Global selected relief organizations that we are confident will deliver aid to victims as quickly and directly as possible,” he continued, “We’re committed to taking action whenever we see people in need which is why we created a company-wide program several years ago called Hilco Helps, which matches auction dollars and supports many causes each year.”
Historically, Hilco Global has donated time, money and in-kind products to organizations and victims around the world including the following: Books and books shelves to the Chicago Public Schools; Food and other supplies to Haitian Earthquake victims; Military Veterans Relief Programs; Arts and Education Programs in Chicago including BAM-Youth Guidance and All Stars, and many more.
About Hilco Global: (www.hilcoglobal.com) Hilco Global is an independent financial services company and the world’s preeminent authority on helping businesses maximize the value of their assets. Hilco Global is considered a world class company, having earned this reputation after decades of providing solutions for both healthy and distressed businesses to yield the maximum value, Hilco Global focuses on helping businesses with asset valuation, asset monetization, and advisory solutions. With over 20 operating companies Hilco provides a comprehensive suite of integrated strategic services including valuation; acquisition and disposition; private equity investment; and, consultative services. Hilco Global often provides investment capital, demonstrating an ability and willingness to share risk and reward. Hilco Global professionals serve as auctioneer, sales agent or an investor in virtually every class of tangible and intangible asset on a corporation’s balance sheet including inventory, M&E, real estate, accounts receivable and intellectual property.
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SOURCE Hilco Global
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