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Consolidation of Gerber Innovations into Tolland facilities
10 Jun '10
2 min read
Gerber Scientific, Inc. announced that it will consolidate the operations of its Massachusetts-based business unit, Gerber Innovations, into its Tolland, Connecticut manufacturing facility, with an expected completion of September 30, 2010. As a result of the consolidation, the Company said it expects to generate annualized savings of approximately $0.9 million and incur charges of approximately $1.1 million to be recorded during the Company's fiscal 2011 first and second quarters.
"This facility consolidation represents another step in our strategic plan to streamline our global operations and reduce our permanent cost structure," said Marc Giles, Gerber Scientific President and Chief Executive Officer. "The relocation will allow us to fully utilize existing capacity at our Tolland facility and will allow our Gerber Innovations business unit to capitalize on the significant engineering and state-of-the-art manufacturing capabilities available here."
The relocation of Gerber Innovations operations, which is a part of the Company's Sign Making and Specialty Graphics segment, should be seamless to Gerber Innovations' customers. Customers can expect service to continue uninterrupted and may continue to use 1.800.400.3458 to contact Gerber Innovations.
Gerber Scientific, Inc. is a leading international supplier of sophisticated automated manufacturing systems for the sign making, specialty graphics, packaging, apparel, industrial, and ophthalmic lens processing industries. Headquartered in South Windsor, Connecticut, the Company operates through four primary businesses: Gerber Scientific Products, Spandex, Gerber Technology and Gerber Coburn.
Formerly known as Data Technology, Gerber Innovations is North America's only full-line manufacturer of automated cutting hardware for the design, die making and short-run production segments of the packaging industry. With more than 4,000 machines in service worldwide today, Gerber Innovations has the expertise, the resources and the know-how to meet all the sample making, die making and short-run production cutting needs for corrugated containers, folding cartons, point-of-purchase displays, protective packaging and more. Based presently in Wilmington, Massachusetts and by September, 2010 in Tolland, Connecticut, Gerber Innovations operates as a business unit of Gerber Scientific, Inc.
"This facility consolidation represents another step in our strategic plan to streamline our global operations and reduce our permanent cost structure," said Marc Giles, Gerber Scientific President and Chief Executive Officer. "The relocation will allow us to fully utilize existing capacity at our Tolland facility and will allow our Gerber Innovations business unit to capitalize on the significant engineering and state-of-the-art manufacturing capabilities available here."
The relocation of Gerber Innovations operations, which is a part of the Company's Sign Making and Specialty Graphics segment, should be seamless to Gerber Innovations' customers. Customers can expect service to continue uninterrupted and may continue to use 1.800.400.3458 to contact Gerber Innovations.
Gerber Scientific, Inc. is a leading international supplier of sophisticated automated manufacturing systems for the sign making, specialty graphics, packaging, apparel, industrial, and ophthalmic lens processing industries. Headquartered in South Windsor, Connecticut, the Company operates through four primary businesses: Gerber Scientific Products, Spandex, Gerber Technology and Gerber Coburn.
Formerly known as Data Technology, Gerber Innovations is North America's only full-line manufacturer of automated cutting hardware for the design, die making and short-run production segments of the packaging industry. With more than 4,000 machines in service worldwide today, Gerber Innovations has the expertise, the resources and the know-how to meet all the sample making, die making and short-run production cutting needs for corrugated containers, folding cartons, point-of-purchase displays, protective packaging and more. Based presently in Wilmington, Massachusetts and by September, 2010 in Tolland, Connecticut, Gerber Innovations operates as a business unit of Gerber Scientific, Inc.
Gerber Scientific Inc
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