Dec. 7, 2016

Gibraltar Exits Bar Grating, Closes AMICO Facilities

Gibraltar Industries, Inc., Buffalo, N.Y., will exit its U.S. bar grating product line and its small European business selling residential solar racking as part of its portfolio management and 80/20 strategic initiatives. This action will include the closing of five facilities and the release of 250 employees.

“We would like to express our sincere gratitude and appreciation to the employees who will be affected by the exiting of this product line and business,” says Gibraltar CEO Frank Heard. “While these dedicated teams have worked tirelessly to improve operating performance, negative market dynamics continue to hinder the profitability of both product lines for the foreseeable future.”

Among the closures are three Alabama Metals operations, two in Texas and a third in Illinois. In Texas, employees at AMICO’s Houston and Dayton distribution centers were notified the plant would be closing by Jan. 29.

AMICO is also closing its Bourbonnais, Ill., operation, eliminating 86 positions. The facility will be closed by Jan. 31. AMICO maintains five other U.S. distribution centers, three perforated products facilities and four Canadian distribution centers. No other U.S. distribution facility has been notified of plant closures.

“We made the decision to exit these product lines after assessing their prospects for future growth in the context of our portfolio management and 80/20 strategic initiatives to focus resources on the highest-return markets, platforms and businesses,” Heard says. “These actions will enhance the overall profitability and financial strength of the company going forward and will benefit future employment and career opportunities across Gibraltar’s group of companies.”


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Sunday, October 22, 2017