Wood Flooring Firm Aacer Files for Receivership

Peshtigo, WI, April 1, 2010--Aacer Flooring has filed for receivership, according to media reports but continues to operate as a potential new owner may have been identified.

Aacer will begin terminating its employees on June 1.

The company manufactures wood flooring for homes and sports complexes.

The long-running housing and construction slump has hurt Aacer, Michael S. Polsky, the court appointed receiver, told the Journal Sentinel.

Other companies affected include Wolf River Lumber, which dried hardwood for manufacturing, and G.L. Realty, which owns the builders Aacer uses, the Journal Sentinel reported. All the companies are owned by the Ort family.