Tennessee Gas Grill Manufacturer Filing Chapter 7
With barbecue season just around the corner, a maker of gas grills and accessories sold at Lowe’s, True Value Hardware and Sam’s Club is closing its doors.
Fiesta Gas Grills, based in the middle of Tennessee, is filing Chapter 7 bankruptcy with debt of more than $35 million. The company lists only $15,000 in assets, and company officials predict there will be little left for creditors, reported the Nashville Business Journal.
The biggest company to lose out could be Wolfedale Engineering, a company that makes portable propane gas cylinders for the grills made by Fiesta.
Fiesta is owned by Onward Manufacturing, a Canadian company that owns several popular lines of gas grills. Onward only recently acquired Fiesta, which was sold in 25,000 stores across the U.S., in 2010.