Winland Announces the Closing of the Sale of Its Mankato Headquarters Building
MANKATO, Minn.--(BUSINESS WIRE)-- Winland Electronics, Inc. (NYSE Amex: WEX) today announced that it has completed the sale of its 58,000 square foot headquarters and manufacturing building to Nortech Systems, Inc., of Wayzata, MN. Winland will continue to lease approximately 2,000 square feet of space in the building, maintaining its operations in Mankato.
The company realized net proceeds of $2.65 million from the transaction.
About Winland Electronics
Winland Electronics, Inc. (www.winland.com), is an industry leader of critical condition monitoring devices. Products including EnviroAlert, WaterBug, TempAlert, Vehicle Alert and more are designed in-house to monitor critical conditions for industries including health/medical, grocery/food service, commercial/industrial, as well as agriculture and residential. Proudly made in the USA, Winland products are compatible with any hard wire or wireless alarm system and are available through distribution worldwide. Headquartered in Mankato, MN, Winland trades on the NYSE Amex Exchange under the symbol WEX.
Winland Electronics, Inc.
Brian Lawrence, 507-625-7231
CFO & Senior Vice President
The Carideo Group, Inc.
Tony Carideo, 612-317-2880
KEYWORDS: United States North America Minnesota
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