Mercer Industries, the Oregon-based manufacturer of Mercer Windows, is decreasing its manufacturing operations, citing the lingering effects of the recent recession. Once all existing orders are fulfilled, the company plans to close, affecting approximately 70 employees at its Beaverton, Ore., facility. The company reports that 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."
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, including several proprietary window design technologies. The company hopes to sell its manufacturing assets but cannot continue normal operations during the search for a qualified buyer, it reports.
Mercer Industries is not declaring bankruptcy and carries almost no debt, company officials report. The organization will honor its sales, warranty, supplier, employee and other commitments, and believes it possesses the necessary capital required to support these obligations.