US lehr manufacturer E. W. Bowman has suspended its operations.
The company said no new customer orders are being accepted and unshipped orders for parts and service requests will not be processed.
It will contact customers with active orders as soon as possible to discuss the order status.
“Management is in discussion with a few parties about potential interest in acquiring part or all of the business. Absent progress on finding a buyer, the business will be liquidated,” the company said in a statement.
A bank holds a lien on the assets of the company and in the event of a liquidation, it is unsure if any proceeds will be available for unsecured creditors.
The company employs 100 staff and is based in Uniontown, PA, USA.