Shopsmith Response RE: Teknatool North America Announcement
Posted: Fri Mar 07, 2025 4:37 pm
Hello, All!
I just wanted to pop in to provide an important update on the recent news regarding Teknatool NA. As some of you may have heard, on Monday of this week Teknatool North America announced to their partners that they were entering into Chapter 11 Bankruptcy Protection. This news has led some of you to reach out with concerns about the availability of our motors and electronic components.
While it's true that Teknatool North America is seeking bankruptcy protection, our motors and electronic components are sourced through Teknatool International. They have provided assurances that their operations will not be affected by this action and they remain committed to processing orders in a timely manner. We do not anticipate any impact to the availability of motors or electronic components because of this development.
If you have questions specifically related to this announcement, please respond in the comments and I will try my best to reply in a timely manner.
Thanks for your continued support, it means the world to us!
I just wanted to pop in to provide an important update on the recent news regarding Teknatool NA. As some of you may have heard, on Monday of this week Teknatool North America announced to their partners that they were entering into Chapter 11 Bankruptcy Protection. This news has led some of you to reach out with concerns about the availability of our motors and electronic components.
While it's true that Teknatool North America is seeking bankruptcy protection, our motors and electronic components are sourced through Teknatool International. They have provided assurances that their operations will not be affected by this action and they remain committed to processing orders in a timely manner. We do not anticipate any impact to the availability of motors or electronic components because of this development.
If you have questions specifically related to this announcement, please respond in the comments and I will try my best to reply in a timely manner.
Thanks for your continued support, it means the world to us!