Alan Drey Co. Inc. closed its doors last month after 52 years in the mailing list brokerage business. It had suffered a severe decline in revenue and continued operating losses, according to president Pat Patten.
The company reported assets of $1.2 million and liabilities of $2.3 million. It employed about 26 people, and at deadline only a few remained on board at the Chicago headquarters to wind down operations.
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