Longtime Montgomery Company Files For Chapter 11 Bankruptcy

Future of more than 450 local jobs uncertain.

Montgomery-based Lyon Workspace Products, which employs more than 400 local workers, has filed for Chapter 11 bankruptcy, according to a report in the Aurora Beacon News.

What the bankruptcy means for the company’s workers is unclear. According to the Beacon report, the company filed a Worker Adjustment and Retraining Notification Act or, or Warn with the state, which is required of all companies that may layoff 100 or more employees.

However, the report also states that the company may be looking for a buyer, which may determine to keep the Montgomery operation.

Lyon Workspace Products, formerly Lyon Metallic and then Lyon Metal, began as a manufacturer of sheet metal products in 1901. Now, Lyon is considered a “leading manufacturer and supplier of top quality lockers, industrial storage and workspace products,” according to its website.

from August of 2012, a company spokeswoman said, “we’ve had a lot of success in this location.”

Lyon has distribution centers in Dallas, Los Angeles and Philadelphia. 

darren February 09, 2013 at 08:26 PM
how sad. I used to work there years ago and find this very sad. A major loss for Aurora and for all the many people who worked there. Lockers will never be the same. Unfortunatly, this is the direction our leaders are taking us. Leaders we appointed ourselves. It's upsetting that a 100+ year old company can't make it in today's world anymore.
Skully February 14, 2013 at 09:02 PM
And look for more of this to come
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