Last month, the Decorative Panels International company shut down its factory in Alpena, putting nearly 200 workers out of the job.
The factory was recently viewed by two parties, who expressed interest in reopening the plant.
However, according to the Alpena Area Chamber of Commerce, the potential buyers expressed concern about not having the former workers at the facility.
They fear the factory won't be able to operate as efficiently without the experience of its long-time employees.
Some of those workers have already found new jobs or have been shown other opportunities according to Ann Gentry, executive director of the Downtown Alpena Development Authority.
"There's been a lot of organizations, whether it be like Michigan works or the Alpena chamber or other manufacturing employers in the area that have really reached out and made it public what the opportunities are and that they're willing to help people that are affected to kind of get back on their feet and find other opportunities," Gentry told WCMU.
The chamber said in a news release that the buyers were reportedly worried that the factory's previous customers have found new suppliers to buy from.
Mike Mahler, economic development director for the Alpena Chamber, said in a written statement, that local utility companies have been heavily affected by the plant's sudden closure.
Mahler also said the wider economic impact of the factory closing is still unknown.
Loggers and truck drivers across the region were a core component of the factory's supply chain.