Trans Industries (NASDAQ:TRNI)
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From Jun 2019 to Jun 2024
Trans-Industries, Inc. Completes Sale of Rochester Hills Plant
ROCHESTER HILLS, Mich., July 13 /PRNewswire-FirstCall/ -- Trans-Industries,
Inc. (NASDAQ:TRNI), a manufacturer of bus lighting systems and information
display products, today announced the sale of its Rochester Hills, Mich., plant
for $2.8 million. The net proceeds will be used to retire bank term debt and
add to working capital. The electronics manufacturing and assembly activities
formerly conducted at this facility were combined, during the latter part of
2003, with those at the Company's Bad Axe, Mich., information systems plant.
Administrative, engineering, sales and service activities conducted by the
Vultron, Inc. subsidiary will be transferred to a leased facility in the
Rochester Hills area that will be available for occupancy in September.
About the Company:
The Company is a leading provider of lighting systems and related components to
the mass transit market as well as a supplier of information hardware and
software solutions on Intelligent Transportation Systems (ITS) and mass transit
projects. ITS utilizes integrated networks of electronic sensors, signs and
software to monitor road conditions, communicate information to drivers and
help transportation authorities better manage traffic flow across their
existing infrastructures.
Visit Trans-Industries at http://www.transindustries.com/ .
DATASOURCE: Trans-Industries, Inc.
CONTACT: Kai Kosanke, Chief Financial Officer of Trans-Industries,
+1-248-852-1990
Web site: http://www.transindustries.com/