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Longtime Naperville engineering firm closes

Awardee Story Longtime Naperville engineering firm closes
Date: Mar 06, 2012
Author: David Sharos
Source: Chicago Sun Times ( click here to go to the source)

Naperville’s Packer Engineering Inc. has gone out of business, on the eve of the 50th anniversary of its founding.

Two sources who declined to speak on the record confirmed late Friday the company, established in 1962, closed its doors within the past 10 days.
Mail sat uncollected late Friday afternoon in a bin at the company’s deserted headquarters at 1950 N. Washington St. on the city’s far northeast side.

No one answered when telephone calls were placed to two numbers there and at the corporation’s Ann Arbor, Mich., office. Additionally, telephones at a Packer Engineering office in Columbia, Md., have been disconnected.

Chairman Ken Packer, 87, spoke to The Sun recently about the company’s financial troubles.

“We do have cash flow problems and we are addressing those,” Packer said. “There are people who are on ‘temporary termination’ at this time.”

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