Yes the original Company is out of business since 2007 and parts for the engines that they produce are becoming scare as none of the new owners are manufacturing them.
The engine side was sold off to re-open by the new at that time as Tescumseh Power which now has been sold off as follows:
2007 Platinum Equity LLC, which did business as Tecumseh Power. They produced the Tecumseh engine products until it was sold of in 2008.
December 2008, Husqvarna brought the Peerless transmission division.
February 10, 2009, Certified Parts Corporation purchased the engine division.
On September 1, 2010 It was sold again to LCT (Liquid Combustion Technology) of Travelers Rest, SC which has re-introduce the Snow King engines and are now producing new redesigned 4 cycle engines again.
Reference article:
http://en.wikipedia.org/wiki/Tecumseh_Products
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