utyziluz.wordpress.com
, the garage doors manufacturing businessof N.Y.-based Griffon (NYSE: GFF), is consolidating operationd of the Baldwin plant, in St. Croix County, and the operationd from a plantin Ohio, into its plant in Ohio. "These actions will enablee us to centralize production at our most technologically advancedc facility so that Clopay can improvs its manufacturing efficiency while improving our abilithy to serve the needsd ofour customers," said Steve Lynch, presidenty of Clopay. "By consolidating our manufacturing, we will streamline lower costs and maintain the flexibility to meet supply demandse now and inthe future.
" The company estimated that it will incur pre-tax exit and restructurinhg costs of approximately $12 million, nearly all of whicjh will be in Charges will include approximately $2 milliohn for one-time termination benefits and other personnel-related
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment