Although officials said rumors of Marshall Brass closing its doors are premature, the company is for sale, according to John Tracy, vice president and general manager of the longtime Marshall, Mich.-based firm.
According to the Battle Creek Enquirer, Tracy said that if the plant is not sold by Oct. 30, the owners, S.H. Leggitt Co. out of San Marcos, Texas, will auction it off and could close its doors.
Marshall Brass is a residential brass pipe fittings company that services several industries, including recreational vehicle.
With the loss of its two largest customers, combined with a sharp decline in the housing market, the company is running out of options.
“We’re a smaller company, and most of the stuff we produce out here is tied to the housing market,” Tracy explained.
The company told workers in a meeting Tuesday (Sept. 23) afternoon it will try to keep some people working through Oct. 15.
The Enquirer reported that about 75 people still work at the Marshall site, Tracy said. The company has laid off half of its workers during the past year.
“We’re doing everything we can to retain jobs,” he said.
At this point, the company is operating on a day-to-day basis, Tracy said.
Marshall Brass is listed for auction on the Hilco Industrial Web site, www.hilcoind.com, to be auctioned Oct. 30 at 10 a.m.
According to the site, auction items will include “machinery and equipment no longer required in the ongoing operations of S.H. Leggitt Company at the Marshall Brass facility.”
The Enquirer reported that Tracy said he has been looking for buyers since Sept. 2.
“I have three to five viable buyers right now,” he said. “I’ve been working on this for the last three weeks. My goal is to keep the operation here. It’s been tough for all the employees here, and tough for any manufacturing company, especially in Michigan.”