Is IHP going out of business?

[Nathaniel241]

I work at a manufacturing company, so we get fliers like this all the time. This one surprised me. It says its for a fireplace manufacturing facility. Looking further it says Innovative Hearth Products. Are they going out of business?! I was a bit surprised to see this. My fireplace is a Superior, which is one of their subsidiaries, so I hope they aren't. Replacement parts might get hard to find. I think it might be that they have old equipment they are getting rid of, but I wasn't sure. Anyone know anything about this?

 

[begreen]

They may be just consolidating and getting rid of excess production capacity. The ad says they are getting rid of surplus. Sounds like the FMI plant. IHP still has other manufacturing facilities in the south.

 

[Nathaniel241]

They may be just consolidating and getting rid of low sellers. The ad says they are getting rid of surplus. Sounds like the FMI plant. Could be they are consolidating operations. IHP still has other manufacturing facilities in the south.

Thanks for the insight. That makes sense.

 

[begreen]

They have been rearranging the deck chairs for several years now. They took over the Lennox lines and creating the Astria and IronStrike brands from them.