Edwards Brothers Malloy is stopping the presses after 125 years in the printing business.
The company — based near Ann Arbor, with plants in Illinois, Pennsylvania and North Carolina — is one of the largest independent book printers in the country. It will permanently close by June 15.
The move will cause 282 employees to lose their jobs in Scio Township near Ann Arbor, where the company is headquartered at 5411 Jackson Road, according to a notice filed with the state of Michigan.
The company is being forced to close after its financial institution cut its line of credit to the book printer, “making it impossible for the company to continue operations,” according to a letter written by John J. Edwards, president and CEO of Edwards Brothers Malloy.
“It is with heavy hearts we announce that Edwards Brothers Malloy will be closing our doors as of June 15,” the company says in a message posted on its websites. “As you can imagine, this is a difficult time for our employees as we work through the process of shutting down our facilities while finishing projects for our customers with work in-house. We do, however, want to take this moment to thank you for your support and business through the years. Our employees and customers have been the cornerstone of our 125-year history.”
The company is in talks with prospective buyers for its digital and fulfillment operation, according to its website.
A message was left with Edwards seeking further comment.
Established in 1893, Edwards Brothers merged with Ann Arbor-based Malloy in 2012 to form a company with total sales of $115 million at the time, according to a report from Publishers Weekly. It also planned to consolidate all operations into its Scio Township headquarters by the end of the year due to shrinking demand for offset printing.