A few weeks ago, we reported that Shop-Vac has closed down their USA headquarters.
Then we talked a little about what could have contributed to their financial difficulties.
With this post, I wanted to share some new information: Shop-Vac has closed.
Hilco, a company that specializes in “asset valuation, monetization, and advisor services” has been “retained” to liquidate Shop-Vac’s assets in the United States and internationally.
Basically, Shop-Vac is closed and shut down for good, and Hilco is dismantling everything tangible, selling all parts of the company, their intellectual property, real estate, inventory, and machinery.
We found listings where all of Shop-Vac’s injection molding, stainless steel drum forming, and filter production equipment, among other things are being sold to interested parties.
3rd party filter options still exist, such as from Cleanstream. But what about parts? Dust bags? Specialty filters?
Shop-Vac is being parted out, and it doesn’t look like they’re coming back. It will be interesting to see if any vacuum brands buy up the trademark or if there is any IP or patents on the selling block.
I hope that the men and women of Shop-Vac’s recently laid-off workforce were all able to secure new jobs by now. If not, good luck – I wish you all the best and quick bounce-back.