REG - Carclo plc - Strategic Consolidation & Tucson Facility Closure

CarcloAnnouncement

14/02/2024 07:00

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RNS Number : 0343D  Carclo plc  14 February 2024

14 February 2024

 

Carclo plc

 

Strategic Consolidation and Closure of Tucson Facility

 

Ossett, February 14, 2024 - Carclo plc, the leading global provider of
high-precision components, offering comprehensive services from mould design,
automation, and production to assembly and printing, serving the life
sciences, aerospace, optics, and tech sectors, announces the strategic closure
of its Tucson, AZ facility. This decision represents the culmination of our US
restructuring efforts, aimed at optimizing our operational footprint and
aligning closely with our strategic objectives.

 

In alignment with this closure, Carclo is taking significant steps to enhance
operational efficiency and customer service. The majority of manufacturing
volumes from the Tucson site are being relocated to our state-of-the-art
facilities in Pennsylvania, USA. This move not only consolidates our technical
and manufacturing expertise but also brings production closer to our Design
& Engineering center, fostering innovation and efficiency.

 

Furthermore, Carclo is leveraging its global footprint to redistribute
manufacturing capacity. This strategic reallocation is designed to position
our production facilities closer to our customer bases, thereby improving
service levels, reducing lead times, and facilitating more sustainable
operations.

 

Employee Impact

Carclo is committed to supporting them through comprehensive transition
assistance programs for the employees affected, including job placement
services, counselling, and career transition resources.

 

Strategic Benefits and Future Direction

This restructuring is a key component of Carclo's strategy to achieve
operational excellence, financial stability, and sustainable growth. By
concentrating our operations, we aim to enhance our competitive edge, innovate
more effectively, and provide superior value to our customers and
stakeholders.

 

Commitment to Stakeholders

Carclo remains deeply committed to supporting all stakeholders through this
transition. Detailed plans are in place to ensure a seamless transfer of
operations, with minimal disruption to our customers and supply chain
partners. We are dedicated to upholding the high standards of service and
quality that define Carclo.

 

Enquiries

For further information or enquiries regarding this announcement, please
contact:

 

Carclo plc - 01924 268040

Frank Doorenbosch - Chief Executive Officer

Eric Hutchinson - Chief Financial Officer

 

About Carclo plc

Carclo plc is a public company whose shares are quoted on the Main Market of
the London Stock Exchange. The Group is a preferred and trusted partner of
global customers, offering high-precision critical components that meet the
needs of life sciences, aerospace, optics, and technology industries.

 

LEI: 21380078MEM399JPI956

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