Colfax Closing Plant in Portland, Maine
Wednesday, June 29, 2011
Colfax Corporation announced today that it will close its
plant in Portland, ME. Production for its Portland Valve products will move to
the company's facilities in Warren, MA. This consolidation is expected to
reduce the company's cost structure by approximately $1.0 million annually
($0.7 million after taxes or 2 cents per share). The Portland plant, which
employs 40 people, is scheduled to close by the end of the year. Moreā¦
|
|