STOUGHTON, Wis., May 19, 2017 /PRNewswire/ -- Nelson Global
Products Inc., a global leader in the design, manufacture and
marketing of exhaust, tubular, and emissions
related products for on and off-road vehicles, outdoor power
equipment and power sports markets today announced a restructuring
plan that will reduce costs and utilize excess capacity in other
Nelson facilities in North
America. The consolidation includes the closing of
facilities in Clinton, Tennessee,
and Cambridge,
Minnesota.
Steve Scgalski, CEO of Nelson
Global Products, says the decision to restructure was difficult,
but necessary to ensure cost effectiveness and the continued growth
of the company.
"This decision is based on the need to reduce our fixed costs
and better utilize our assets, which in turn will help us remain
competitive in the marketplace," he said. "This also allows us to
enhance services at facilities located as close to our customers as
possible. We have been providing services to our customers
for over 70 years and these business-based decisions ensure that
we'll be around for many more years to come."
The company anticipates closing the Clinton and Cambridge manufacturing plants by the end of
this year. The decision affects approximately 300 Nelson
employees.
"We will be working with our employees in both Clinton and Cambridge to assist them where possible, which
includes financial assistance in the form of severance and
retention payments," Scgalski said. "Employees will be encouraged
to apply for open positions at other facilities within Nelson
Global Products."
About Nelson Global Products
Nelson Global Products is a portfolio company of Wind Point
Partners, a private equity firm headquartered in Chicago, IL.
With a 70+ years of rich engineering and manufacturing history,
Nelson Global Products designs, manufactures, and markets a broad
range of high performance exhaust, tubular, and emissions
related products for OEM and aftermarket use for the global
on-highway, off-highway, and power sports markets. These
products include mufflers and silencers; exhaust tube assemblies;
EGR and Thermal Management Tubing (TMT) for emissions systems;
pressurized tube assemblies for air, hydraulic and lubrication; and
structural assemblies.
The company's operations include corporate offices in
Stoughton, WI and manufacturing
operations in Fort Wayne, IN;
Arcadia, Black River Falls and Viroqua, Wisconsin; Troutdale, OR; Statesville, NC; and international operations
in Monterrey and Saltillo Mexico; Scoresby, Australia; Daman, Chenai, Rudrapaur, and
Pune India; Rio Grande do Sul
and Araucaria, Brazil; and
Changzhou,
China.
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SOURCE Nelson Global Products Inc.