Diebold (DBD) Sells VA and NC Manufacturing Operations to Porter's Group

March 4, 2013 3:34 PM EST Send to a Friend
As part of the company's ongoing consolidation and efficiency efforts within its supply chain, Diebold, Incorporated (NYSE: DBD) today announced it has reached an agreement to sell its Lynchburg, Va., and Lexington, N.C.-based manufacturing operations to Porter's Group, LLC, pending satisfaction of all contractual terms and conditions.

Based in Bessemer City, N.C., Porter's Group is a long-time supplier to Diebold that specializes in metal fabrication services ranging from light sheet metal to heavy metal elements. In 2006, Porter's acquired Diebold's Sumter, S.C.-based manufacturing operations and still manufactures from that location today. Porter's will continue to supply fabricated metal components and products to Diebold from its various locations and will add capacity in Lynchburg to serve additional customers.


Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In





Related Categories

Corporate News

Add Your Comment