Wheeler’s Building Materials, Rome, GA, has filed for Ch. 11 bankruptcy protection. The distributor and manufacturer, which serves the struggling residential sector, has 15 distribution facilities throughout Atlanta, North Georgia, Birmingham, AL, and Charlotte, NC.
The company also has three manufacturing facilities and a sales support center, according to its Web site.
According to court documents: The collapse of the residential real property building industry has resulted in the situation where sales have dropped precipitously and receivables have been rendered uncollectible.” The company initiated a “controlled liquidation” in October 2007 including the consolidation of locations, reduction of payroll, reduction of operations, sale of assets and reduction of …
Wheeler’s Building Materials Files for Ch. 11 Bankruptcy Protection
Wheeler’s Building Materials, Rome, GA, has filed for Ch. 11 bankruptcy protection. The distributor and manufacturer, which serves the struggling residential sector, has 15 distribution facilities throughout Atlanta, North Georgia, Birmingham, AL, and Charlotte, NC.
The company also has three manufacturing facilities and a sales support center, according to its Web site.
According to court documents: The collapse of the residential real property building industry has resulted in the situation where sales have dropped precipitously and receivables have been rendered uncollectible.” The company initiated a “controlled liquidation” in October 2007 including the consolidation of locations, reduction of payroll, reduction of operations, sale of assets and reduction of …
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