Search continues for buyer of Gorell
Negotiations with potential buyers for Gorell Windows & Doors were ongoing Monday, but there was no word this morning on whether any deals were forthcoming.
The White Township maker of vinyl replacement windows is insolvent and was placed into receivership last week. It owes PNC Bank $10.5 million in loans, interest and fees.
Officials for the court-appointed receiver, The Meridian Group, said they worked through the weekend to find a buyer and, as of Monday morning, were in active discussions with five suitors.
The company is trying to find someone to buy the plant as quickly as possible in order to preserve Gorell's customer base.
According to Terry Witherow, president of Local 88611, which represents production workers at the plant, people were touring the facility yesterday, but he had not heard whether any deals were in the offing.
He said he simply hopes the company is able to find a buyer willing to continue to operate the plant here.
On Monday the receiver laid off workers who already had been furloughed for the seasonal winter slowdown. It is retaining about 144 people; the company employed roughly 285 at one point.
County officials, who had mounted an unsuccessful effort to keep the plant out of receivership, are keeping in close contact with the receiver as the search progresses.