|
Republic Windows & Doors to Close Tomorrow, Paper Reports
Republic
Windows & Doors in Chicago will close tomorrow, December 5, according
to reports from the Chicago Tribune. According to the report, the
company, which has been in business since 1965, is closing due to a cancellation
of its line of credit by its main lender, Bank of America, "due to
a severe downturn in business at the plant."
The story cites sales of new construction windows at $6 million for this
year-down from $30 million at the height the construction boom. Sales
of replacement windows, however, are still at around $38 million-down
from a high of $40 million, according to the Tribune.
At press time, officials at Republic had not responded to requests for
comment.
CLICK
HERE for an inside look at Republic from the March-April 2003 issue
of DWM.
CLICK
HERE for full report from the Chicago Tribune.
Need more info and analysis about the issues?
CLICK
HERE to subscribe to DWM magazine.
|