The company with a global reputation is riding off because of the economy.

Work hasn’t stopped inside the Milwaulkee Iron warehouse, but Randy Simpson won’t be welding here much longer.

“I don’t want to sit here and wait for the next phone call,” owner Randy Simpson said. “I want to get out and enjoy myself a little bit while I still can.”

Simpson has made a living building custom choppers. But low demand has put him on the chopping block.

“It’s a pure economic decision. I’m tired of putting money into the company to keep it open.”

Simpson is shutting down and selling the business.

Conditions may not be good for Simpson to run Milwaukee Iron right now, but he says several people have shown an interest in taking over, so he feels like his business will carry on.

“Someone could come in here and take a $300,000 a year company and turn it into a $5 million dollar a year company.”

Whether that happens depends on who makes a bid when the company get auctioned off August 27th.