Share this...

PUBLIC NOTICE OF CHAPTER 11 SALE: Import Specialties Incorporated d/b/a Heartland America

Public Notice of Chapter 11 Sale: Direct to Consumer Catalog and E-Commerce Retailer, Import Specialties Incorporated d/b/a Heartland America

Catalog and E-Commerce Company, Import Specialties Incorporated d/b/a Heartland America (the “Company”), entered Chapter 11 bankruptcy (filed August 2019) protection and ownership is looking to complete an accelerated transaction. Established in 1985, the Company serves customers throughout North America and specializes in providing quality general merchandise at low prices. The current management team has been able to stabilize, and even grow the company during bankruptcy (and the global COVID-19 pandemic). By leveraging a loyal club membership base of recurring customers, the Company is trending towards 8% EBITDA for 2020.


Cash flow challenges created by a leveraged capital structure resulted in 2019 financial distress. The Company represents a great acquisition opportunity for a strategic or financial acquirer.


B2590 Sales Chart


  • Newly Established Quality, Dedicated Management Team
  • Recurring Revenue Through Club Membership (~200,000)
  • 14 Annual Catalogs
  • Long-Time Internet E-Commerce Presence


  • Leverage Existing Membership Base Through New and Creative Marketing Programs
  • Capitalize on the Established Distribution Channels
  • Expand Product Categories and Product Breadth Within Categories

This Company is offered exclusively by SealedBid Marketing, Inc. The bid deadline is August 4, 2020. Interested parties should contact SealedBid by email at [email protected], or by phone at 952-314-8832.

About DailyDAC

DailyDAC™ is the oldest, most trusted, and most widely used provider of public notices of asset sales and case commencements, and other important notices involving companies in financial distress in the United States and Canada. DailyDAC™ public notices are used by bankruptcy trustees, chapter 11 debtors in possession, federal and state court receivers, and secured parties disposing of their collateral under Article 9 of the Uniform Commercial Code or other state law trust (and their respective auction firms, law firms, and other agents). Learn more.

Many sales of distressed companies and distressed business assets are not widely advertised. If you are buyer of such companies or assets, you may be well served by becoming a paying subscriber to Distressed Deal Data™. Find out more.

The DailyDAC Editors