Modine Manufacturing to close manufacturing facility in Illinois Modine Manufacturing announced its intention to close its manufacturing facility in McHenry, Illinois. The closure is expected to impact approximately 135 full-time employees, who will receive a variety of support services. Modine plans to transfer the McHenry production to other facilities in North America. The company expects to incur a charge of approximately $2M in Q4, primarily related to anticipated severance payments and fixed asset impairment charges. In addition to temporary inefficiencies, the company expects total closure costs of approximately $5M over the entire closure period. The company anticipates annual savings of at least $5M once the closure is completed in FY16.