A 112-year-old family-owned Fairfield manufacturer has hired an investment banker to help it find a buyer or investor.
Equity Partners CRB said Friday that it has been retained by a bankruptcy court order to seek a buyer for Harper Brush Works. The deal could take the form of a joint venture or equity partner, or a buyer for the land, buildings equipment and the business.
Harper Brush Works filed for Chapter 11 bankruptcy organization on May 29. It manufactures brooms, brushes, mops and other cleaning-related products.
The company operates two factories in the Fairfield area, and is one of the last remaining companies manufacturing brooks and brushes in the United States.
Equity Partners based in Easton, Md., said a buyer could have the opportunity to grow existing revenue streams by expanding product lines and broadening distribution channels.
Harper Brush Works has 65 full-time employees.