Lawrence-McFadden bankrupt

DGDevin · 2010-02-22T17:37:07+00:00

"The LaurenceMcFadden paint company, in business since 1885 and supplier of the finest lacquer, polyurethane, and polyester finishes to much of the fretted instrument business has shut down as of this week. The company is in bankruptcy and are negotiating to sell their formulas to other entities. This is going to hit our industry like a bomb...they supply Fender, Guild, Ovation, Martin, Taylor, and countless smaller makers.""The Lawrence-McFadden Co. manufactures wood products. The company was founded in 1875 and is based in Philadelphia, Pennsylvania. On February 26, 2009, The Lawrence-McFadden Co. filed a voluntary petition for reorganization under Chapter 11 in the US Bankruptcy Court for the Eastern District of Pennsylvania, Philadelphia."