FTI Closes Its Doors
After more than 30 years in the window film business, Film Technologies International Inc. (FTI) of St. Petersburg, Fla., has ceased manufacturing and shipping film. Company officials have confirmed that Wednesday, January 16, was the manufacturer’s last day of operations.
“I’ve been faced with releasing all of our employees,” a company representative who asked to remain anonymous told Window Film. “This was very unexpected.”
According to the FTI employee, the company had signed a letter of intent to sell to fellow window film manufacturer—HanitaTEK in New Berlin, Wis. An FTI representative says HanitaTEK later pulled out of the deal, prompting the company’s immediate closure.
“… they pulled out at the last minute and we just could not revive anything … or any other options,” FTI’s representative told Window Film. “We’re still kind of reeling from this …”
When asked if his company had entered into negotiations with FTI, Lloyd Brown, president of HanitaTEK refrained from specific comment.
“I mean, I think at the end of the day, every company that’s struggling and getting to the point of going out of business tries to explore every option,” Brown said. “But it wouldn’t be appropriate for me to give any particulars of that.”
“That’s a shame,” Brown added. “SUN-GARD is a brand that’s been out there for a long time and it’s too bad to see it disappear.”
FTI was founded in 1975 as ITD Industries. It was an emotional day as the company notified its employees, many with as much as 25 years in service, of its decision.
Some employees had been released on furlough prior to the recent holiday season and received the unfortunate news by phone.
“It was awful,” the representative said. “It was the worse professional day of my life. Just awful, awful, awful, awful. That’s all I can tell you.”
The representative says it was an emotional farewell as the manufacturer notified its many long-time distributors.
“I mean, SUN-GARD has some very, very long, old-time distributors and, you know, people’s lives have been torn apart,” the representative said. “We had a very, very loyal population … we recently distributed service awards at the Christmas luncheon and … we gave out two awards for 20 years of service, one for 25 and many for 15 … and … so, a lot of, lot of, lot of pain yesterday and a lot of tears.”
This news item will be discussed in further detail in one of Window Film’s upcoming issues. If you are not currently a subscriber, visit www.windowfilmmag.com and click on “Subscribe to Window Film.” While you’re there, be sure to check out the details for our upcoming International Window Film Expo, Conference and Tint-Off™ to be held May 2-3, in Vegas!