Amclassic Inc., the parent company of the American Classic wheel and component brand, told BRAIN late last week that it had voluntarily closed its factory and laid off about 40 employees in Taiwan and the U.S. The company said it was in negotiations to sell its trademarks and other intellectual property. Co-owner and general manager Ellen Kast told BRAIN that employees in both countries were paid severance. Kast told BRAIN that sales began declining for the brand during the 2016 season, despite a new effort to offer lower-priced OE wheels.
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