Beaverton window manufacturing plant to close

| Print |  Email
Must Reads
Monday, March 24, 2014

In the following press release, Mercer Industries announced that it will be shutting down its manufacturing operations.

Mercer Industries Winding Down Window Manufacturing Operations


Mercer Industries, the Beaverton-based manufacturer of Mercer Windows, today announced that it is winding down its manufacturing operations, citing the lingering effects of the recent recession. The eventual closure will affect approximately 70 employees, including management, sales staff and production workers located at Mercer’s Denney Road location in Beaverton, Ore. Staffing will be adjusted to complete existing orders, after which the plant will be closed.   
 
Founded in 1926 as Mercer Steel, privately-held Mercer Industries has most recently manufactured commercial and residential vinyl and aluminum frame window and door products.
 
The Mercer board of directors commissioned a third-party business and financial analysis of its manufacturing and sales operations which concluded that an orderly winding down of operations was the only course of action to preserve the remaining value in the organization’s assets, which include several proprietary window design technologies. The company hopes to sell the manufacturing assets, but cannot continue normal operations during the search for a qualified buyer.
 
Shareholders, including the Mercer family, have gone to extraordinary lengths to sustain the company during the recent economic downturn, but the company does not have the scale to compete in an increasingly competitive market dominated by much larger corporations.
 
Mercer Industries is not declaring bankruptcy and carries almost no debt. The organization will honor its sales, warranty, supplier, employee and other commitments and believes it possesses the necessary capital required to support these obligations.
 
Additional questions can be addressed to Mercer’s Chief Restructuring Officer, Dan Boverman, who was brought on board to advise the Company regarding its situation and options, and will now help manage the shutdown of operations.
 
Contact:
Dan Boverman
Mercer Industries
Chief Restructuring Officer
Phone: (503) 319-7727
Email: This e-mail address is being protected from spambots. You need JavaScript enabled to view it

 

More Articles

Business partnerships: taming the three-headed monster

Contributed Blogs
Monday, July 06, 2015
070615-businessmarriagefail-thumbBY KATHERINE HEEKIN | OB GUEST COLUMNIST

Picking a business partner is not much different than choosing a spouse or life partner, and the business break-up can be as heart-wrenching and costly as divorce.


Read more...

Urban renewer

Linda Baker
Wednesday, June 24, 2015
UnknownBY LINDA BAKER   

One year after he was appointed chair of the Portland Development Commission, Tom Kelly talks about PDC's longevity, Neil Kelly's comeback and his new role as Portlandia's landlord.


Read more...

Photo log: Murray's Pharmacy

The Latest
Friday, July 17, 2015
OBM-Heppner-Kaplan thumbBY JASON KAPLAN

Photographer Jason Kaplan takes a look at Murray's Pharmacy in Heppner.  The family owned business is run by John and Ann Murray, who were featured in our July/August cover story: 10 Innovators in Rural Health Care.


Read more...

Photo Log: Waterfront Blues Festival

The Latest
Thursday, July 09, 2015
bluesfestthumbBY JASON E. KAPLAN | STAFF PHOTOGRAPHER

The sweltering weather didn't keep the crowds away. Although the numbers were down slightly from last year, the Oregon Food Bank raised $850,636 to fight hunger.  About 80,000 people attended despite temperatures in the upper 90s.


Read more...

Preserving the Legacy

July/August 2015
Monday, July 13, 2015
BY KIM MOORE | PHOTOS BY JASON E. KAPLAN

A New York floral and gift business takes on the iconic Harry & David brand.


Read more...

Farm in a Box

July/August 2015
Friday, July 10, 2015
BY JACOB PALMER

Most of the food Americans consume is trucked in from hundreds of miles away. Eric Wilson, co-founder and CEO of Gro-volution, wants to change that. So this past spring, the Air Force veteran and former greenhouse manager started work on an alternative farming system he claims is more efficient than conventional agriculture, and also shortens the distance between the consumer and the farm.


Read more...

Reader Input: Fair Play

May 2015
Wednesday, July 15, 2015

Former Governor John Kitzhaber's resignation in February prompted some soul searching in this state about ethical behavior in industry and government.


Read more...
Oregon Business magazinetitle-sponsored-links-02
SPONSORED LINKS