Brief: Manitex International Announced Restructuring Plan That Will Result In Closure Of Its Badger Equipment Facility In Winona, Minnesota
19/01/2022 11:14
Jan 19 (Reuters) - Manitex International Inc MNTX.O :
* MANITEX INTERNATIONAL - ON JAN 12, ANNOUNCED
RESTRUCTURING PLAN
THAT WILL RESULT IN CLOSURE OF ITS BADGER EQUIPMENT FACILITY IN
WINONA, MINNESOTA
* MANITEX INTERNATIONAL - RESTRUCTURING IS EXPECTED TO BE
COMPLETED AROUND MARCH 31, 2022
* MANITEX INTERNATIONAL - ESTIMATES THAT IT WILL RECORD A
ONE-TIME PRE-TAX CHARGE OF ABOUT $3.5 MILLION TO $4.0 MILLION IN
Q4 OF 2021
* MANITEX INTERNATIONAL - ESTIMATES IT WILL HAVE CASH
RECOVERY OF
$1.0 MILLION TO $2.0 MILLION FROM SALE OF INVENTORY IN
CONNECTION WITH RESTRUCTURING IN 2022
Further company coverage: MNTX.O
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