Sun Television and Appliances

Sun Television and Appliances

Company type	Private
Industry	Retail (consumer electronics, home appliances, office equipment)
Founded	1949
Founder	Macy Block, Herbie Block
Defunct	1998
Fate	Filed for Chapter 11 bankruptcy in 1998; later liquidated under Chapter 7
Area served	Midwestern and rural United States (Ohio, Indiana, New York, Pennsylvania, Maryland, West Virginia, Virginia, Kentucky)

Overview

Sun Television and Appliances was a specialized retailer focused on consumer electronics, home appliances, and office equipment, established in 1949 by the brothers Macy and Herbie Block. The company operated stores across various Midwestern cities and extended its presence into rural regions of the United States where competition was minimal. Its retail footprint included states such as Ohio, Indiana, New York, Pennsylvania, Maryland, West Virginia, Virginia, and Kentucky.

Acquisition Attempt and Financial Challenges

In late 1996, H.H. Gregg Appliances and Electronics, based in Indiana, planned to acquire Sun Television in a transaction valued at $87.5 million. The proposal offered shareholders $5 per share for Sun’s 17.5 million shares outstanding. However, H.H. Gregg ultimately withdrew from the agreement due to concerns about Sun’s financial health.

Bankruptcy and Liquidation

Following these developments, Sun Television filed for Chapter 11 bankruptcy protection in September 1998. Efforts to sell the business as a continuing operation were unsuccessful. Consequently, the company shifted to Chapter 7 liquidation proceedings and terminated all operations by the end of that year. A number of former Sun Television locations were acquired by H.H. Gregg Appliances and Electronics and subsequently reopened under the H.H. Gregg brand.

External links

• Company overview (business.com)