Accent Windows Files for Chapter 11 Bankruptcy Protection
Facing a weakened market, Colorado-based Accent Windows filed for Chapter 11 bankruptcy protection in November. The move is merely a reorganization, according to a company spokesman, who adds that "nothing has changed."
“Due to the down-turn in the economy in 2008 we’ve seen a decrease of 35 percent in revenue compared to the previous 2007 year," says Terry Marcovich, president. "In an effort to be proactive, we chose to file Chapter 11 reorganization to secure our position in the industry once the economy picks back up. We will continue to operate as normal and look forward to a prosperous future.”
The replacement window manufacturer has locations in Arizona, Colorado, Missouri, Montana, New Mexico and Utah. It filed court papers listing debts between $1 million and $10 million, according to the Rocky Mountain News. published news reports. Accent released a statement addressing the bankruptcy, but did not confirm the exact figures.
"The company emphasizes that it will continue to manufacture one of the most energy efficient windows on the market and continue to service customers with the same level of customer service that has earned Accent Windows their reputation in the Denver community," the company said in a prepared statement. "All daily operations will continue as usual."
Accent was founded in 1982 by Tim Marcovich, and remains family owned.