Friday, January 25, 2008

Woods Industries leaving Indianapolis

UPDATE: The WARN notices indicate that this closing will affect 68 workers.

Woods Industries will leave Indianapolis by the end of the second quarter this year, according to Reuters:

Coleman Cable Inc (CCIX.O: Quote, Profile, Research) said it would close and relocate Indianapolis, Indiana distribution and headquarters facilities of Woods Industries Inc, which it acquired in November, as part of a consolidation plan.

The company sees related total net cash expenditure of about $2.4 million to $3.4 million, primarily in facility-closure and severance-related costs.

The consolidation of the facilities with those of Coleman is expected to be largely completed by the end of second quarter of 2008, the company said in a statement.

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