14 February 2024
Carclo plc
Strategic Consolidation and Closure of
Tucson Facility
Ossett,
February 14, 2024 - Carclo plc, the leading
global provider of high-precision components, offering
comprehensive services from mould design, automation, and
production to assembly and printing, serving the life sciences,
aerospace, optics, and tech sectors, announces the strategic
closure of its Tucson, AZ facility. This decision represents the
culmination of our US restructuring efforts, aimed at optimizing
our operational footprint and aligning closely with our strategic
objectives.
In alignment with this closure, Carclo is taking
significant steps to enhance operational efficiency and customer
service. The majority of manufacturing volumes from the Tucson site
are being relocated to our state-of-the-art facilities in
Pennsylvania, USA. This move not only consolidates our technical
and manufacturing expertise but also brings production closer to
our Design & Engineering center, fostering innovation and
efficiency.
Furthermore, Carclo is leveraging its global
footprint to redistribute manufacturing capacity. This strategic
reallocation is designed to position our production facilities
closer to our customer bases, thereby improving service levels,
reducing lead times, and facilitating more sustainable
operations.
Employee
Impact
Carclo is committed to supporting them through
comprehensive transition assistance programs for the employees
affected, including job placement services, counselling, and career
transition resources.
Strategic
Benefits and Future Direction
This restructuring is a key component of
Carclo's strategy to achieve operational excellence, financial
stability, and sustainable growth. By concentrating our operations,
we aim to enhance our competitive edge, innovate more effectively,
and provide superior value to our customers and
stakeholders.
Commitment to
Stakeholders
Carclo remains deeply committed to supporting
all stakeholders through this transition. Detailed plans are in
place to ensure a seamless transfer of operations, with minimal
disruption to our customers and supply chain partners. We are
dedicated to upholding the high standards of service and quality
that define Carclo.
Enquiries
For further information or enquiries regarding
this announcement, please contact:
Carclo plc - 01924 268040
Frank Doorenbosch - Chief Executive
Officer
Eric Hutchinson - Chief Financial
Officer
About Carclo
plc
Carclo plc is a public company whose shares are
quoted on the Main Market of the London Stock Exchange. The Group
is a preferred and trusted partner of global customers, offering
high-precision critical components that meet the needs of life
sciences, aerospace, optics, and technology industries.
LEI: 21380078MEM399JPI956