On January 8, 1999, unable to sustain profitability, the company announced it would be delisted from the New York Stock Exchange. After filing for Chapter 11 bankruptcy protection, Ampad was acquired in 2003 by an affiliate of Crescent Capital Investments, later renamed Arcapita. Ampad's current president and CEO, Donald Meltzer, joined the company in August 2005, having formerly served as vice president and general manager of the Roofing Systems Group at Johns-Manville, and before that as the Executive Vice President and COO of Clore Automotive.