Daily News: December 7, 2012

Tiger Group Auctions American Made Flooring Inventory


Tiger Group’s Remarketing Services division is auctioning a wide array of hardwood-flooring inventory from the wind-down of American Made Flooring, a division of Clear Lake Lumber.

The online sale at www.SoldTiger.com includes 290,000 square feet of hardwood flooring products, as well as the division’s customer list, equipment and display racks. Bidding is now underway and will close in a live auction style, on Dec. 13.

Clear Lake Lumber, the parent company of American Made Flooring, is winding down the division in order to focus on its primary business of manufacturing kiln-dried hardwood lumber. Clear Lake was founded in Spartansburg, a small town in northwest Pennsylvania, in 1973 and grew to become one of the largest lumber manufacturers in the country.

“The wind-down of Clear Lake’s American Made Flooring division represents an excellent opportunity for flooring retailers, contractors and other bidders, thanks to both the quality and diversity of this inventory,” said Jeff Tanenbaum, president of Tiger Remarketing Services.

Tiger Remarketing Services and its affiliates at Tiger Group provide advisory, restructuring, valuation, disposition and auction services within a broad range of retail, wholesale and industrial sectors.