Volant Closes Plant, Lays Off Workers
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Volant Sports, one of only two companies still making skis in the United States, shut its manufacturing plant in Wheat Ridge, Colo., and laid off 95 workers after failing to raise enough cash to keep operating.
The 12-year-old company said it is talking with two possible buyers, but declined to identify them. A spokesman said the company has no plans to reorganize or file for bankruptcy protection.
The company blamed its problems on high manufacturing costs and low cash flow.
“There’s a huge lag between the time we purchase materials and build the product and when we actually get paid by the dealers,” said Volant Vice President Stephan Hienzch. The company couldn’t get financing to bridge the gap.
Los Angeles-based K2 Corp., the other company making skis in the U.S., said last month it would shift most of its production to China.
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