We bought a Moriegeau Lepine crib in 2003 and used it again for our 2nd (actually just packed it away 6 months ago). It's a beautiful crib and we had no problems with the drop down side working after disassembling and moving it multiple times. To be honest, however, I never really ever used the drop down side. When the kids were wee ones and we had the mattress on the highest level, I could easily just reach in and grab them. Plus the side was always loud when lifting latching it. By the time we lowered the mattress, the kids were big enough to sit up so again, it was easy to reach in and get them.
I think the company went out of business for reasons other than quality and craftsmanship but more as a victim of the economy.
Juliet, mama to DS 10/03 & DS 11/06