The world wide economy was rebased at a much higher level in the last ten years. That base has now crumbled. Many credible, well run businesses are going with it. I don't know anything about this company in particular but this kind of thing is everywhere. I haven't seen this since about 1975 (oil embargo) when I bought my first car for $1,500. A 1967 Corvette convertible with a 427\435 Tri-Power that had been ridin' hard and put away wet. Got a really good deal during a difficult time. Fixed, painted and sold it a year later to pay my college bill. I had faith then that good things come out of difficult times. I still have the same faith now.
Good luck to those at this company who are impacted by the sale and good luck to those who can pick up a smokin' deal!