Media Release
Media Release
August 19, 2007
Riordan Manufacturing to Relocate Certain American Manufacturing Facilities
Riordan Manufacturing today announced that following a detailed assessment of its American manufacturing facilities, the Company will relocate its Atlanta Georgia plant to Monterrey, NL, Mexico. These changes will enable Riordan Manufacturing to extract cost savings, remain competitive in the marketplace resulting in an improved and more efficient global manufacturing footprint.
The assessment included an analysis of production requirements, equipment and production costs, in addition to real estate, logistic, and labor costs, all of which are designed to meet or exceed Riordan Manufacturing's current service and delivery capabilities.
American employees whose positions are impacted will be eligible for severance benefits and outplacement assistance consistent with the Company's policy. Retirement packages for certain employees impacted by these changes will be......
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