FTI Closes Its Doors

After more than 30 years in the window film business, Film Technologies International Inc. (FTI) of St. Petersburg, Fla., has ceased manufacturing and shipping film.

Company officials have confirmed that Wednesday, January 16, was the manufacturer’s last day of operations.

“I’ve been faced with releasing all of our employees,” a company representative who asked to remain anonymous told Window Film. “This was very unexpected.”

According to the FTI employee, the company had signed a letter of intent to sell to fellow window film manufacturer—HanitaTEK in New Berlin, Wis. An FTI representative says HanitaTEK later pulled out of the deal, prompting the company’s immediate closure.

“… they pulled out at the last minute and we just could not revive anything … or any other options,” FTI’s representative told Window Film. “We’re still kind of reeling from this …”

When asked if his company had entered into negotiations with FTI, Lloyd Brown, president of HanitaTEK refrained from specific comment.

“I mean, I think at the end of the day, every company that’s struggling and getting to the point of going out of business tries to explore every option,” Brown said. “But it wouldn’t be appropriate for me to give any particulars of that.”

“That’s a shame,” Brown added. “SUN-GARD is a brand that’s been out there for a long time and it’s too bad to see it disappear.”

FTI was founded in 1975 as ITD Industries. It was an emotional day as the company notified its employees, many with as much as 25 years in service, of its decision.

600450 FTI Closes Its Doors glassonweb.com
Date: 24 January 2008
Source: Windowfilmmag.com

See more news about:

See more from these topics:

Others also read

Madico to Debut Invisi‐Film® Tough Coat at 2016 International Window Film Conference and Tint‐Off™. See product demos, learn about Madico’s family of high performance films and cheer on Madico tinters.
While taking advantage of the clarity of window glass, the product can cut off unnecessary fields of view and help protect privacy
Glass has cemented itself as the architects’ medium of choice. Renzo Piano’s majestic ‘Shard’ in London is Europe’s tallest building and the envelope continues to be well and truly pushed elsewhere around the globe in pursuit of construction utopia.
The 3rd Floor Office extension of the GGF Building at 54 Ayers Street, London consisted of an all glass ‘box’ construction.
Heliatek has won the GreenTec Award in the "Production" category. The Dresden- and Ulm-based technology company won the award for its innovative, vacuum roll-to-roll pro­duction process used to manufacture HeliaFilm®, an organic solar film applied mainly on building façades.
Just over three weeks since Vakbeurs Facilitair, the leading trade event in the field of facility management in the Netherlands and Belgium, and Ritec Services are delighted to report positive feedback, new leads and early business opportunities as a result of their presence at the show.

Add new comment