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Published November 24, 2009, 11:58 AM

Wick Building Systems decalres bankruptcy

Wisconsin News
- A maker of homes and other buildings has filed for Chapter-11 bankruptcy. Wick Building Systems of Mazomanie says it’s the most efficient way to re-structure a division that makes farm-and-commercial buildings – while shutting down two other divisions which make manufactured-and-custom homes

MAZOMANIE - A maker of homes and other buildings has filed for Chapter-11 bankruptcy.

Wick Building Systems of Mazomanie says it’s the most efficient way to re-structure a division that makes farm-and-commercial buildings – while shutting down two other divisions which make manufactured-and-custom homes.

259 jobs are being lost in those two divisions located in Mazomanie and Marshfield. Wick is leaving Marshfield entirely, while the farm-and-commercial division known as Wick Buildings will stay in Mazomanie.

CEO Jeff Wick said the losses in the housing industry made its balance sheet “un-sustainable,” while the farm-and-commercial building division remains profitable. On November 10th, the company said 222 people in the Wick Buildings division might be laid off – but the re-structuring would save as many jobs as possible. Jeff Wick said normal operations in that division will continue through the Chapter-11 proceedings.

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