Brief: 5N plus inc intends to consolidate company's operations at Wellingborough, U.K.

5N Plus

29/09/2016 13:47

Sept 29 (Reuters) - 5n Plus Inc  VNP.TO  
    * Its intention to consolidate company's operations at 
wellingborough, U.K. with other sites within group 
    * Positive impact from these initiatives will be progressive 
reaching full potential starting in 2018 
    * Company will consolidate operations of DeForest-Wisconsin, 
U.S. and Fairfield-Connecticut, U.S. during first half of 2017 
    * Restructuring fees associated with these two initiatives 
are expected to be around $3.5 million with expected payback of 
less than two years 
 
Source text for Eikon:  urn:newsml:reuters.com:*:nCNWjm9Nsa 
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