JASPER, IN - Longtime contract furniture maker Inwood Office Environments will cease production effective Nov. 26. The Jasper, IN-based made the announcement Nov. 14.

A decline in "demand for quality wood private office furniture" led to the decision to close the privately-owned plant, company Chairman Glen Sturm said in a press release. Also known as Inwood Office Furniture, the company currently has 85 employees, according to The Herald.

Founded in 1948 as the Jasper Table Co., the company changed its name in 1982. Inwood manufactures conference tables, seating and casegoods for schools, libraries and private offices from its 240,000-square-foot facility, according to the company website.

Sturm said that all employees and vendors will be paid in full.

“This has been a very difficult and sad decision to make,” Sturm said in a press release to local news sources. “For 66 years, this company has been able to be a vibrant source of employment for generations of individuals and families. This has always been our most important and cherished core value. Not being able to continue to provide jobs for local people and their families, and to have the efforts and sacrifices of our people for so many years end without them being able to voluntarily retire with us, will always haunt me.”