Bancroft Products to Close

AFTER STRUGGLING TO STAY ALIVE FOR TWO YEARS, BANCROFT PRODUCTS WILL SOON BE CLOSING ITS DOORS.

THE CONCORD BASED COMPANY USED TO MAKE CONNECTORS FOR THE TELE-COMUNICATIONS INDUSTRY.

BUT THEY HAD TO LAY OFF 260 PEOPLE WHEN IT LOST ITS BIGGEST CUSTOMER BACK IN 2001.

SINCE THEN, BANCROFTS REMAINING EMPLOYEES HAVE TRIED TO GET THE COMPANY BACK ON ITS FEET.

PETER DARLING IS THE CEO OF BANCROFT INCORPORATED.

HE TOLD NHPR?S MARK BEVIS, THE COMPANY WAS A VICTIM OF THE AILING HIGH TECH MARKET.