Financial Woes Force Pinne Herbers to Close By Daniel S. Levin

SAN FRANCISCO - Pinne Herbers, a victim of mounting debt and shrinking business opportunities, will close its doors this week just as the agency enter

Ceo Robert Pinne, along with six of the shop’s 17 employees and its remaining accounts, will join the staff of MacDaniels, Henry & Sproul here. Pinne and his group will not have an equity stake in the agency.
The move will boost the $10-million MHS by $6 million from former Pinne accounts including Southern Pacific Railway, Hewlett-Packard Components Group, Wollongong Software, analytic equipment-maker Finnigan MAT and the California Tree Fruit Agreement, and give it the business-to-business expertise it had sought in a merger with Hovatter LaPointe.