Administrators have been appointed at major door and window producer Oakworth Joinery Ltd.
John Russell and Chris White of The P&A Partnership were appointed administrators of the West Yorkshire manufacturer on Friday.
Oakworth employs about 170 people and is the second largest employer in Keighley.
“Our immediate priority is to look at options for the business and we are consulting with staff, creditors and customers,” said Mr Russell.
“Unfortunately Oakworth is a victim of the continuing downturn in the construction sector and of difficulties in accessing finance for new machinery.”
Oakworth Joinery was bought from Nobia Holdings UK Ltd in 2010 and has been manufacturing in the town since 1965.
“Oakworth’s directors have tried their hardest to keep the business trading profitably and took appropriate professional advice early on in order to give the business the best chance of survival,” added Mr Russell.
“They actually found a buyer themselves, but unfortunately the deal fell through last Friday.”
