Brief: Kimball International To Exit A Leased Seating Manufacturing Facility In Martinsville, Virginia

Kimball International

20/06/2019 13:39

June 20 (Reuters) - Kimball International Inc  KBAL.O :
    * KIMBALL INTERNATIONAL INC - PLANS TO EXIT A LEASED SEATING
MANUFACTURING FACILITY IN MARTINSVILLE, VIRGINIA IN SECOND HALF
OF FISCAL YEAR 2020
    * KIMBALL  - WILL MOVE PORTION OF PRODUCTION FROM VIRGINIA
FACILITY TO ANOTHER PRODUCTION FACILITY AND WILL OUTSOURCE
REMAINDER FROM A THIRD PARTY
    * KIMBALL INTERNATIONAL INC - PLANS TO REALLOCATE KIMBALL
BRAND
SELLING RESOURCES TO HIGHER-GROWTH MARKETS
    * KIMBALL INTERNATIONAL INC - COMPANY WILL EXIT FOUR OF ITS
PRODUCT SHOWROOMS ACROSS ITS BRANDS.
    * KIMBALL - VAN WINKLE WILL REMAIN IN HIS CAPACITY AS
PRESIDENT,
CHIEF OPERATING OFFICER AND INTERIM PRESIDENT, KIMBALL THROUGH
TRANSITION

Source text: (http://bit.ly/2XY8j1X)
Further company coverage:  KBAL.O 

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