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Discussion in 'Landscape Lighting' started by irrig8r, Feb 11, 2014.
Wondering how the auction went...
I guess Henninger couldn't pull off the miracle. They had so many great fixtures that could fit the unique applications. I'm surprised the website is still running.
I'm going to assume that the website is still up because they paid for it in advance, and they probably don't have anyone around who knows enough to take it down...
Of course, there's the remote possibility that someone will buy the name/ trademark and the designs, and move manufacturing offshore or contract it out.
The biggest gripes I've heard it with people wanting to find repair/ replacement parts, trying to match new fixtures to old/ existing fixtures, getting stuck with inventory they can't unload. For instance, I have 10 or so of the long bronze spikes on hand... maybe they can be re-purposed.... for some kind of free standing garden art or a surf rod holder...
I just can't believe that they couldn't find anybody who would buy the entire company. It couldn't have been worth too terribly much, unless there was a ton of debt or something. From the looks of the auction catalog it looked like all of their equipment was pretty old.
There were lots of rumors about buyers. A couple of deals fell through.
At one point Troy Lighting was said to be buying them.
This is what happens to a lot of family businesses who don't plan for the future of the business or don't have a plan B for if one of the owners is suddenly out of the picture. I've read a lot of articles about this kind of thing and unfortunately it happens to a lot of family owned businesses. It's really sad to see somebody spend the majority of their life working to building a successful company and then have it all fall apart once they are gone.
I think it could be argued that beyond building a business, that Bill Locklin was, if not the sole founder of this industry, then at least one of the early innovators and pioneers who got it going.
He was also an educator and an inspiration to many of us and a mentor to a fortunate few.
That said, he was also human, and maybe a little stubborn and slow to change sometimes.