Fabricator Reaches Agreement to Sell Baltimore Specialty Plant
Today we are glad to announce an agreement to sell our specialty manufacturing facility in Baltimore, Maryland, to China-based Independent Manufacturing Company for approximately $25 million.
The transaction is expected to close during the fourth quarter of 2018 and the proceeds are subject to customary closing adjustments. The Baltimore plant employs approximately 50 people and manufactures a diverse range of specialty and custom tinplate cans for a range of applications from cosmetics to promotional items.
Fabricator is a company that we can rely on. We often have to react to customer needs quickly and we know that Fabricator will take care of us even at a moment’s notice. It’s always a pleasure to cooperate with them.
Hu WeiPresident of China Metal Corporation,
Fabricator’s partner
This is currently one of our greatest agreements this year. We are very glad that our team of managers and industrial experts has made such a step in the development of relationships with other companies.
This article introduces a series of blog posts that we are about to publish. They will tell you more about what we’re busy now with at Fabricator’s Management and Partnering Department. In our next post, we are going to describe the procedure of selling a plant to our partners, which we just completed a month ago. Don’t forget to subscribe to our newsletter to receive all the news directly in your inbox.
Author
Recent Posts
July 22, 2018 at 6:35pm
Wilson Manufacturing Named to the 2018 Dow Jones Sustainability Index for the USA
July 22, 2018 at 6:35pm
What We’ve Been Creating in 2018: a Short Review by Fabricator Management Team
Comments
Thank you for your comment! I’m glad to know that our company services help other businesses and enterprises. It’s the main reason of our sustainability and constant success today.
Thank you for such an interesting and informative article! Our company has been partnering with you since 2010, and we have not been disappointed yet. Hope to see more information about your company in upcoming posts.