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Archive for May, 2016

Spectrum Glass Company

Friday, May 13th, 2016

To Our Retailers and Professional Studio:   May 11, 2018

It is with heavy hearts and great remorse that we must inform you that we will begin the process of closing Spectrum Glass Company. This has been an extraordinarily difficult decision, and its ramifications were not taken lightly. We are keenly aware of the impact this decision will have on all of our employees, and customers worldwide. While there are many factors that that have led to this decision, the hard economic realities that finally pushed us to this point are outlined below.

Our proprietary manufacturing process and furnaces were built to handle the demand that existed at the height of the art glass industry movement, which for many of our good years equated to sales of well over a million square feet of glass per month. Beginning with the rise of Chinese art glass production, followed by the  Great Recession and the accompanying crash of the housing market in 2007-2008, we have watched those numbers dwindle dramatically to only 40% of production capacity. We have restructured several times, making necessary adjustments to reflect our diminished sales, but we cannot cut our workforce anymore and still operate in an efficient and sustainable manner. With the U.S. and worldwide economies continuing to struggle, and no significant signs of stabilization or growth in the foreseeable future, the business model for continuing to produce such a specialized, niche product simply no longer works for a facility of our size. While sales have declined, overhead expenses have continued to increase. Whereas our size was once a strength, it is now our greatest weakness.

Additionally, the entire U.S. art glass industry is now being evaluated by the Environmental Protection Agency (EPA) with respect to potential new regulations. Long-standing interpretations of air quality regulations are being reevaluated, and it new regulations were applied to our facility, it would require substantial capital expenses. Spectrum Glass Company has operated well within existing environmental guidelines and has been the only stained glass manufacturer to employ baghouse technology on furnace exhaust. Still, we have already accrued extraordinary, unanticipated expenses since the start of the EPA evaluation and cannot withstand additional investments of an unknown scale for an already faltering business. Due to all these factors, it’s no longer financially feasible for Spectrum Glass Company to continue to operate.

Our plan is to produce glass for another 60-75 days. We will begin looking for other manufacturers to whom we can transition our product lines. We will simultaneously begin the process  of selling the remainder of our existing inventory. Our sales staff will work with our distributors to make the process flow as smoothly as possible.

We wish to sincerely Thank each of you for your years of support for Spectrum Glass products, and  deeply apologize for any hardship this change brings about for you, and your customers.

Craig Barker, CEO, Spectrum Glass Company, Inc – Kyle Barker President, Spectrum Glass Company, Inc

 

Spring Green

Monday, May 2nd, 2016

Spring Green – “Big Flat” Love the Spring Greens
Can’t Bike Gotta Hike perfect Misty dayphoto.JPGBig Flat

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