BOULDER - Glove maker Agloves has closed its doors.

Mother-daughter co-founders Jennifer and Jean Spencer decided it was better to close the Boulder company than to lose their personal relationship with each other, daughter Jean Spencer said.

The company's product, Agloves, have silver knitted into the fingertips to allow users to keep their gloves on and still operate touchscreens on mobile devices such as iPhones. The silver-nylon conducts electricity generated by the body that activates the screen.

The privately held company was financially solvent when it closed, and customers still can find a few pairs of gloves for sale on Amazon.com, Jean Spencer said.

She declined to give financial details of the company. Sales were in the multimillion-dollar range in 2011, with 173,000 pairs of gloves sold, according to Forbes.com.

"We hadn't lost any money," Jean Spencer said. "We closed the business to maintain a friendship between a mother and a daughter, and that's what's important." She did not elaborate.

While both women have "entrepreneurial spirits," neither has plans for any new business ventures, Jean Spencer said.

The company had nine full-time employees and other part-timers at its height, and distributed gloves to 12 European countries, Mexico and Japan. The U.S. Army tested its gloves, although the military never signed a contract with Agloves, Jean Spencer said. The silver-thread gloves are patent pending, she said.

Agloves was successful within three months of its 2010 launch, and had a good business model, Jean Spencer said. Spencer did not rule out her or her mother getting back into the Boulder-Denver startup scene in the future.

"I don't think we're super-saddened by this, as much as it's bittersweet," Jean Spencer said.

The closure was announced last week on the Agloves Facebook fan page, with a "Sayonara" and a "Why? Because we are on to new adventures."

Agloves is a trade name of Hindsight Investments LLC. The company was formed after Jean Spencer complained to her mother about the challenge of keeping her hands warm while using her iPhone in the winter.

Agloves won a Boulder County Business Report IQ Award in 2011 in the consumer products category.