GRC’s consolidation plans underway

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21 August 2006 — Chatsworth (CA): General Ribbon’s (GRC) consolidation of its manufacturing operations in its Mesa, Arizona, facility is due to complete on 31 August, with all shipments to customers being made from the site from 1 September.

 

The company has also reached an agreement with private investment firm Industrial Equity Capital on the terms of a recapitalisation transaction. The transaction is expected to complete in mid-September.