Skip to comments.Court-appointed receiver now in charge of Tony Packo's chain
Posted on 08/21/2010 10:17:17 AM PDT by IbJensen
For the first time since the depths of the Great Depression, a Packo was not in charge Thursday of the iconic local restaurant chain that introduced Hungarian-style hot dogs and sauce to the world - and beyond.
Instead, a court-appointed receiver, Ottawa Hills resident Steve Skutch, spent the day wrapping his arms around the operations of Tony Packo's Inc. and keeping its nearly 200 employees on the job, while a family dispute between the descendants of its namesake rages in Lucas County Common Pleas Court.
The business will keep operating in the short term, but the long-term fate is less clear.
The company president, Anthony Packo, Jr., has asked the court to name a liquidation trustee because of irreconcilable differences with another family member who is a company co-owner, and Fifth Third Bank wants its $2.7 million in loans back.
The spat has customers at its five area locations concerned.
"It's a piece of Toledo, with Jamie Farr and all," the Springfield Township resident said, referring to a star of the 1970s television series M*A*S*H, whose character Cpl. Max Klinger repeatedly longed for Packo's food.
Customer Jeff Hastings, enjoying a stuffed cabbage, agreed: "It would be a morale blow to the city."
(Excerpt) Read more at toledoblade.com ...
I will have mine with onions and spicy mustard ping....
“that was among ‘the best of Toledo.’”
Completely agree! It’ll be a shame if it goes under
Tenderloin tips, sauteed fresh mushrooms, onion green pepper and special Beirut sauce, served with fries or rice.
Anyone who orders this with fries has a mental problem.
You should have tried their cabbage rolls.
Does anyone remember ‘The Bungalow’?
Her grandmother made those... yummmmmmm
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