Blenko Glass files for bankruptcy

Date: 17 May 2011
Source: Blenko Glass Co.

Date: 17 May 2011

Century-old glassmaker can't pay bills; no layoffs of 49 workers plannedCHARLESTON, W.Va. -- The historic Blenko Glass Co. in Milton has filed for Chapter 11 bankruptcy protection and plans to reorganize.

The company blamed its recent financial struggles on a former gas supplier, Big Two Mile Gas Co., which resumed garnishing funds from Blenko's bank accounts earlier this week.

Blenko owes the gas company more than $500,000, according to the bankruptcy file. Charleston philanthropist Ed Maier is part owner and president of Big Two Mile Gas.

In a news release, Blenko said the voluntary bankruptcy would allow the company to continue normal operations and sell its glass products. No layoffs are planned. The glass factory has 49 employees.

"Blenko Glass has encountered many operating difficulties in recent years, including the current economic recession," said Blenko vice president Katie Trippe in a prepared release. "Blenko has been working to improve its operations and to become more efficient, as well as to increase its sales."

Read more below.
600450 Blenko Glass files for bankruptcy glassonweb.com

See more news about:

Others also read

MORE...

Solar Photovoltaic (PV) Power Market - Global Solar Photovoltaic Market Will Sustain its Growth Momentum
DALLAS, Texas, December 22, 2011 /PRNewswire/ --ReportsnReports adds new market research report 'Solar Photovoltaic (PV) Power - Global Market Size, Installation Prices, Module Market Shares, Market Segmentation, Regulations and Key Country Analysis to 2020' to its store.
New Product Allows Building Windows to Become "Solar Farms"
Proprietary laminate windows collect, store energy; convert it to electricityRIVIERA BEACH, FL – An innovative new patented technology transforms office building windows into "solar farms" and allows these structures to reuse collected energy and become self-sufficient in the event of a power outage.
Historically-styled windows contribute to modern comforts, architectural integrity, sustainability of U of MN Folwell Hall renovation
The University of Minnesota's historic Folwell Hall completed three years of extensive renovation, just time for the 2011 academic year.
Glass Doctor Names New Vice President of Operations
Michael Gai has been named Vice President of Operations at Glass Doctor, following the recent promotion of Mark Liston to President.
Safelite Announces Fleet Contract with Ford
COLUMBUS, Ohio – Dec. 19, 2011 – Safelite AutoGlass®, the nation’s largest provider of vehicle glass repair and replacement services with a fleet of 6,000, announced it will transition to Ford®.
AAMA Corporate Membership Renewal Process Opens, Recruitment Incentive Program Added
The renewal process for AAMA Corporate Members is now open. AAMA Corporate Membership is available to businesses involved in the manufacture, sale or service of fenestration products and is renewed on an annual basis.

Add new comment