ASI Ltd. Suspends Operations
December 30, 2011
By Sahely Mukerji, email@example.com
ASI Ltd. has suspended operations at its Whitestown, Ind., facility,
according to a December
30 notice from ASI owner Ken Smith. "Management is currently
reviewing its financial viability moving forward," according
to the notice. "It is hopeful that we can re-commence operations
sometime in the near future."
"The employees went in on Thursday [December 22], and were
told that they were shutting down," says Mike Halstead, former
general foreman of ASI. "I talked to a couple of people on
the field and in management."
The company building has been barricaded off with a fork-lift on one end and a mobile crane on the other, Halstead says. "They
can't take trailers out of there anymore," he says.
ASI employs about 30 people in the office and more than 100 on
the field, Halstead estimates.
Owner Smith previously owned Smith Glass, which folded more than
a decade ago.
ASI was listed in the March 2011 USGlass Book
of Lists as the country's sixth biggest glazing contractor based on sales revenue.
Stay tuned to USGNN.com for further updates as they occur.
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