Dakota Vinyl Extrusions Inc. has shut down its factory in Madison that made vinyl fence, decking and railing.
The company, which opened in late 2006, sent a notice of the shutdown to the city Sept. 9, said Madison Mayor Gene Hexom.
``This was a surprise to me. ... It was a one-paragraph statement that they had closed up shop,'' Hexom said.
The Madison Daily Leader newspaper reported that Dakota Vinyl Extrusions also notified suppliers and customers that it went out of business as of Sept. 5. According to the newspaper, the company's notice said secured creditors will take control of all assets and no money will be available to pay unsecured creditors.
The Madison Daily Leader reported that John Calvin, Dakota Vinyl Extrusions' chief executive officer and an investor in the company, won a default judgment Aug. 18 from the company for nonpayment of a $280,000 loan, plus interest of about $25,000.
Reached at his home in Watertown, S.D., Calvin confirmed he had been an investor in the company, but he declined to comment further.
Voice mails left at Dakota Vinyl seeking comment were not returned.