Divestiture Oct 2007 · Danville, IL; Tifton, GA; Stone Mountain, GA Verified
Lennox International to Close Danville, IL Refrigeration Operations
Lennox International announced plans to close its refrigeration operations in Danville, IL and consolidate manufacturing, support, and warehouse functions into its Tifton, GA and Stone Mountain, GA facilities. The consolidation is a phased process expected to complete over 18 months, aiming for over $6 million in annual pre-tax cost reductions beginning in 2009.
“On October 10, 2007, Lennox International Inc. (the “Company”) announced plans to close its refrigeration operations in Danville, IL and consolidate its Danville manufacturing, support, and warehouse functions in its Tifton, GA and Stone Mountain, GA operations.”
Entities
Refrigeration Sentiment: Neutral
Signals are extracted from public coverage and print archives and pinned to a verbatim quote, presented as reported by their sources; naming a company in a signal is not an accusation against it. The verified mark denotes a high-confidence, corroborated signal. See our methodology and legal notes.