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Archive for Friday, June 25, 2004

E and E Display Group to close doors

June 25, 2004

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Longtime Lawrence manufacturer E and E Display Group will close its doors early next month after struggling for years to regain business.

The closing will cost the company's remaining 90 employees their jobs. The company, founded in Lawrence in 1953, manufactures store displays and fixtures for retailers. The company has had slumping sales every since the 9-11 attacks caused retailers to slow their plans for opening new stores, said Ed White, the company's director of new business development and a member of the business' ownership group.

The company expects to finish its remaining orders by the end of June and end all operations a few days later, White said.

White said the company decided to close the business after it appeared the company's former president and chief executive, Daryl Morgison, would be unable to put together an investment group to purchase the company.

"We we're taking on a lot of red ink, and we thought it was best to stop the bleeding," White said.

For more on the story see Saturday's Journal-World.

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