Of­fen­bach­ers go­ing out of busi­ness af­ter fil­ing for Chap­ter 11 bank­ruptcy

Baltimore Sun - - BUSINESS MARYLAND - By Sarah Gantz sarah.gantz@balt­sun.com twit­ter.com/sarah­gantz

Of­fen­bach­ers, an out­door fur­ni­ture and recreation prod­ucts re­tailer, is go­ing out of busi­ness af­ter fil­ing for a Chap­ter 11 bank­ruptcy-law pro­tec­tion.

Af­ter more than 40 years in busi­ness, the Lan­ham-based re­tailer will liq­ui­date more than $9 mil­lion-worth of in­ven­tory, fix­tures and equip­ment in a sale that be­gins to­day.

Of­fen­bach­ers has eight stores in Vir­ginia and Mary­land, in­clude Bal­ti­more-area stores in Columbia and Hunt Val­ley. Antson Cap­i­tal Part­ners LLC, a Bal­ti­more­based pri­vate eq­uity firm, ac­quired the re­tailer in 2014 from Karl and Al­pana Of­fen­bacher.

Of­fen­bach­ers was founded in 1960 as a pool main­te­nance and life­guard ser­vices com­pany and opened its first store in in 1972 in Rockville. The com­pany evolved to sell in­door and out­door fur­ni­ture, and out­door en­ter­tain­ing equip­ment, such as bars, grills and fire­places.

In 2015, Of­fen­bach­ers had nearly $14 mil­lion in re­tail sales, and 65 full- and part-time em­ploy­ees. But it has strug­gled to com­pete with na­tional chains, such as Home De­pot and Lowe’s.

The com­pany filed for bank­ruptcy af­ter fail­ing to save the busi­ness through cost-cut­ting or by find­ing a buyer.

Of­fen­bach­ers has re­tained SB Cap­i­tal Group LLC to con­duct the go­ing out of busi­ness sale and over­see the com­pany’s wind-down.

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