Gibraltar closing Hubbell Steel unit, divesting assets
Oct 04, 2007 | 07:42 AM
| Philip Burgert
Gibraltar Industries Inc., Buffalo, N.Y., will close its Hubbell Steel service center subsidiary in Franklin Park, Ill., before the end of the year and sell the unit's assets.
Gibraltar expects to take a charge of between $13 million and $16 million, executives said in a statement late Wednesday. The results, including losses resulting from differences between the carrying value and net realizable value of the assets, including goodwill, will be reported as discontinued operations in the company's results for the quarter ended Sept. 30.....
To access AMM's full content, please log in below. If you do not have an AMM account, we invite you to take a free trial or subscribe below.
Already a registered amm.com user?
Access to amm.com editorial content is granted only to paid subscribers and trialists. If you do not have an active account in your own name, please either subscribe or take a trial and you will have instant access to amm.com content. Sharing your login credentials with individuals who are not subscribers represents a violation of AMM copyright.
Every morning, every minute — no matter how often you follow the markets, there's an AMM subscription to fit your needs.
Subscribe Now
Click Here
Not sure if you are ready to invest in a subscription right now? Take a free, no-obligation trial. Start your free trial today.
Take a Free trial
Click Here