ELK Home, formerly known as ELK Lighting, is closing and liquidating its entire inventory.

The 40-plus-year-old business has a warehouse in the village of Hometown in Rush Township.

The company noted in a letter sent to customers last month that it “transitioned to a full liquidation sales process.”

“This initiative presents a unique opportunity for our valued customers to acquire our products at significantly reduced, below-market prices before beginning planned inventory auctions,” the company’s chief executive officer, Todd Webb, said in the letter.

ELK hired the GA Group to liquidate the $46 million in inventory held in its Georgia distribution center, according to information from the GA Group.

“In addition to its designer lighting, ELK Home’s collection includes modern dining tables and chairs, accent and occasional tables, consoles, desks, bookcases, and versatile storage solutions such as cabinets, credenzas, and chests. It also offers stools, benches, ottomans, and select outdoor furniture,” the GA Group noted.

In 2010, ELK Lighting purchased the former J.E. Morgan Knitting Mills property in Hometown. The 36-acre site included a 32,000-square-foot distribution facility.

ELK Lighting also had a facility in Nesquehoning that was closed several years ago.

ELK Lighting was founded in 1983 by Adolph Ebenstein as a family-owned business specializing in European lighting fixtures, expanding into the homegoods market in the early 2000s.