Norton has been placed into administration which has put 100 jobs at the Midlands factory at risk.
The Leicestershire firm, based close to Donington Park, was reportedly struggling to pay a tax bill and faced a winding-up order from HMRC.
Lee Causer, of administrators BDO, said: “We are taking all necessary steps to ensure that customers, staff and suppliers are supported through the administration process.
“Our job is to determine and execute the most appropriate strategy as swiftly as possible to protect creditors’ interests, bearing in mind the need to minimise distress for all parties.”