Philips Products to be Closed
Philips Products Inc., the manufacturer of windows and doors for the manufactured housing, recreational vehicle and residential markets, is being closed down by its parent company, Tomkins PLC. The decision came after attempts to sell Philips Products over the last 15 months failed to produce a buyer, according to a company officials.
"This was not a decision taken or made lightly but one made in the best long term interests for Tomkins PLC," a press release notes. It also states that WARN notices are being given to the majority of Philips 675 employees on Thursday, June 4th.
“This decision is not a reflection upon the employees of Philips as all employees have continued to 'do the right things' while providing high levels of customer service and quality products during what have recently been very challenging times,” said Ron Mason, Philips president, in a notice sent to customers.
Headquartered in Elkhart, Ind., where it also operates a manufacturing plant, Philips Products also manufacturing facilities in Chester, S.C.; Clarksville, Texas; Stayton, Ore.; and Ashville, N.C. It had closed a plant in Selinsgrove in 2007. Philips executives note that management will begin working with state and local agencies to lessen the impact this decision has upon the employees and their families.
A Window & Door Top 100 Manufacturer, Philips Products reported annual sales in the $200 million to $300 million range in 2006. Its parent, Tomkins is a British industrial conglomerate wth U.S. headquarters in Denver, Colo., reporting 2008 sales of over $5.5 billion.