Printing Industry News for Canada | RSS |
30 July 2024
Supremex Closing Two Envelope Plants
MONTREAL—
Supremex will close its facility in Concord, Ontario, as its lease expires in February 2025 and will transfer the location’s most production equipment, primarily to its other Greater Toronto area envelope plants in Mississauga and Etobicoke over the coming months. The vast majority of employees will be relocated within the Company’s existing operations.
Related to these moves, Supremex will record restructuring charges of approximately $2.7 million before taxes for a period extending from the third quarter of 2024 through the first quarter of 2025. The Company is also ceasing production at its very small facility in Niagara Falls, New York, effective immediately and maintaining the premises as a distribution centre. Supremex operates eleven manufacturing facilities across four provinces in Canada and six manufacturing facilities in four states in the United States employing over 1,000 people. Supremex was listed as Canada's 12th largest printer by Graphic Monthly .
Post a Comment
Comments:
NEW ON THE JOB BOARD | RSS
CLICK HERE to post your job opening
LATEST USED EQUIPMENT | RSS
CLICK HERE to list your equipment
Total Used Equipment Listings: 18
CLASSIFIED | RSS
CLICK HERE to list your business opportunity in the printing industry
Most Recent News Comment
Rick says: | |
Most Read Stories