Arcadia Custom Recoups Some of what Architectural Traditions LostJuly 15th, 2014 by Casey Flores
Customers who lost their deposit when Architectural Traditions closed back in April may be getting some of it back.
Those who had paid deposits will be contacted by Resolute Commercial Services, the court-appointed receiver which secured the collateral for the business, and will have to “submit a claim along with all supporting documentation asserting the total amount owed to them by Architectural Traditions.”
According to a representative of the receiver, “the payouts will depend on the total number of claims and amounts requested. They will endeavor to return as much of the deposit as possible.”
What’s more is several of Architectural Traditions’ employees who were let go will also be getting their jobs back.
Architectural Traditions’ assets were purchased by Arcadia Inc. In doing so, Arcadia Inc. launched Arcadia Custom, which operates in Architectural Traditions’ old Tucson facility.
“We are in the process of bringing back approx. 60 employees and will continue to increase staffing levels as demand requires. Most employees are thrilled that the doors are being re-opened. Several had been with the company for years, some for more than 10 years,” says Greg LeFevre, national sales manager for Arcadia Custom.
LeFevre says that by acquiring Architectural Traditions, Arcadia will be able to reach a market it had trouble reaching before: residential.
“Arcadia has strong sales, marketing and distribution on the commercial side, but the residential really requires an entirely different approach and customer base. To start this with our own people from scratch, build the relationships with the residential architects, builders and dealers would take years. With the acquisition of Architectural Tradition’s assets, we also gained access to their relationships that had been built over the past 25 years in the residential arena.”