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

Intrepid reporter checks out ZoomCare rebrand

The Latest
Wednesday, May 27, 2015
dentistthumbPHOTOS BY JASON E. KAPLAN

Like all good journalists, OB editorial staff typically eschew freebies. But health care costs being what they are, digital news editor Jacob Palmer couldn't resist ZoomCare's offer of a three-in-one (cleaning, exam, whitening) dental office visit, guaranteed to take no more than 57 minutes. 


Read more...

Oregon businesses face destruction from future earthquake

The Latest
Wednesday, May 20, 2015
htctthumb1BY KIM MOORE | RESEARCH EDITOR

An earthquake would completely destroy many Oregon businesses, highlighting the urgent need for the private and public sectors to collaborate on shoring up disaster preparedness, said panelists at an Oregon Business breakfast summit today.


Read more...

An uncertain future

Guest Blog
Thursday, May 21, 2015
norristhumbBY JASON NORRIS | GUEST BLOGGER

Uncertainty is a part of doing business, whether in through the lens of investment opportunities and risks or the business of running an enterprise.


Read more...

100 Best Green Workplaces announced

News
Wednesday, May 27, 2015
OBM-100-best-Green-logo-2015-1000pxwBY LINDA BAKER | EDITOR

More than 250 people turned out today for Oregon Business magazine’s seventh annual celebration of the 100 Best Green Companies to Work For in Oregon.


Read more...

Destination Resorts 2.0

June 2015
Friday, May 22, 2015
BY LINDA BAKER | PHOTOS BY JASON E. KAPLAN

As the recession recedes and tourism grows, Central Oregon resorts redefine themselves for a new generation.


Read more...

6 things to know about the Amtrak Cascades route

The Latest
Friday, May 22, 2015
thumb3BY JACOB PALMER | DIGITAL NEWS EDITOR

The recent tragedy in Philadelphia has called attention to Amtrak and the nation's woefully underfunded rail service. Here are six facts about the Amtrak Cascades corridor between Eugene and Vancouver B.C. 


Read more...

6 key things to know about summer baseball in Oregon

The Latest
Friday, June 05, 2015
basedthumbBY JACOB PALMER | DIGITAL NEWS EDITOR

As temperatures in Oregon creep into the 90s this weekend, Oregonians' thoughts are turning to — summer baseball.


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