Brief: S&W Seed Co Says Improves Production Efficiencies Through Plant Consolidation

S&W Seed Co

25/01/2021 14:16

Jan 25 (Reuters) - S&W Seed Co  SANW.O :
    * S&W SEED COMPANY IMPROVES PRODUCTION EFFICIENCIES THROUGH
PLANT
CONSOLIDATION
    * S&W SEED CO - CONSOLIDATES U.S. ALFALFA SEED PRODUCTION
FACILITIES TO NAMPA, IDAHO
    * S&W SEED CO - RELOCATION OF ALFALFA SEED PRODUCTION TO
MORE
COST-EFFECTIVE REGIONS EXPECTED TO REDUCE PRODUCT COSTS AND
EXPAND GROSS MARGINS
    * S&W SEED CO - ANTICIPATES APPROXIMATELY $1 MILLION IN
ANNUALIZED
COST SYNERGIES FROM CONSOLIDATION
    * S&W SEED CO - $2.25 MILLION IN GROSS PROCEEDS FROM SALE
WILL BE
USED TO PAY-OFF LONG-TERM DEBT ASSOCIATED WITH FIVE POINTS
FACILITY

Source text for Eikon:  ID:nPn9txhyXa 
Further company coverage:  SANW.O 

 ((Reuters.Briefs@thomsonreuters.com;))