CLARCOR Restructures HVAC Air Filtration Business

CLARCOR recorded a $1.3 million restructuring charge related to its HVAC air filtration business, primarily for the planned closure of its manufacturing facility in Pittston, PA. The restructuring aims to reduce annual operating costs by $1.5 to $2.0 million and improve long-term profitability.

“we recorded a $1.3 million restructuring charge in the first quarter of 2014 at our HVAC air filtration business. This restructuring charge was primarily related to the planned closure of our manufacturing facility in Pittston, PA.”

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