Brief: Art's Way Manufacturing announces intention to discontinue vessels business

Art's Way Manufacturing

11/08/2016 15:05

Aug 11 (Reuters) - Art's Way Manufacturing Co Inc  ARTW.O : 
    * Art's Way Manufacturing announces intention to discontinue 
vessels business 
    * Representative for unionized vessels employees has been 
notified of expected closure, which would affect about 15 
employees 
    * Anticipates incurring charges associated with the 
divestiture until process is complete, likely in fiscal 2017 
    * Intends to discontinue operations of its Art's Way Vessels 
segment in Q3 of its 2016 fiscal year 
    * Plans to fulfill current backlog commitments and 
subsequently pursue an orderly sale of assets associated with 
vessels segment 
 
Source text for Eikon:  ID:nPn6zlWW6a  
Further company coverage:  ARTW.O  
 
 ((Bangalore.newsroom@thomsonreuters.com;))