Magnolia Manufactured Homes Closing

magnolia_homes__their_creditMHProNews has learned from kota tv that Magnolia Homes in Gering, Nebraska has closed its doors, and area development officials are looking for a new tenant. Citing large job losses and difficult finance problems in North Dakota due to the drop in oil prices, owner Harry Karsten sent a letter to employees that the company was closing.

At its peak, Magnolia had over 100 employees. Karsten expressed his sympathy to his employees and their families for the closure, and said it was the most painful decision of his business career. ##

(Photo credit: Magnolia manufactured homes)

matthew-silver-daily-business-news-mhpronews-comArticle submitted by Matthew J. Silver to Daily Business News-MHProNews.

4 thoughts on “Magnolia Manufactured Homes Closing”

  1. Pingback: Sunday Recap May 31, 2015-June 6, 2015 | Daily Business News

  2. Pingback: Modular Builder Magnolia Homes may be Rescued | Daily Business News

  3. Harry..you are a fucking liar! you guys come in and take over and fuck everything up! tell Rigo and Marselo to go fuck themselves!!

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