When I talked with Madsen's a week ago they told me that the guy that started Silvey grinders died in his sleep just recently and the company was done at that point even though the writing was on the wall for the last several years. I just can not believe that one of his kids or employees did not keep the company going. What a shame because it is such a good American company that produced an amazing product. But like so many other American companies (Craftsman tools, etc. etc. etc.) they go under. The silver lining is maybe this will push everyone to Simington (another great American company making a sturdy well built product) which will make them stay around for a long time.
Another issue is that in reality how many square grinders do guys buy. Not very many, so the market gets saturated and then no one really buys any. The good news for Simington is they are the only company making them in the United States right now.