Mace Security International, Inc. Will Consolidate Its Manufacturing, Distribution Facilities and Corporate Support Functions into One Corporate Headquarters Building in 2013
SOLON, Ohio--(BUSINESS WIRE)-- As part of the efforts to return the company to profitability sooner rather than later, Mace Security International, Inc. will consolidate its consumer products division (which manufactures and distributes a wide array of personal defense sprays, security products & other safety devices) into one freestanding facility located in Cleveland, Ohio. "This very difficult decision will make the company more efficient and serve as another step in transforming Mace Security International, Inc. into the most globally recognized consumer brand for safety and security products and services," stated John McCann, President & CEO of Mace.
The move will benefit the company and its shareholders in the following ways:
Increase manufacturing efficiencies;
Reduce transportation and logistics costs; and,
Strengthen the company's supply chain.
As previously reported, the strategic restructuring of the company has and will continue to reduce the overall costs of its business operations and this consolidation is anticipated to be one of the final steps in bringing Mace back to profitability. Mace Security International, Inc. anticipates that it will incur some one-time costs associated with the consolidation which will be reported in the 3rd quarter & 4th quarter of 2013.
Mace Security International, Inc. (OTC PINK: MACE) is a manufacturer and provider of personal defense, safety, and electronic security products to consumer and business market segments under the highly recognized Mace® brand. Mace also owns and operates a UL/ETL listed central station providing remote alarm and video monitoring services to the wholesale security trade. For more information, go to www.mace.com or write to Mace Security International, Inc., 29100 Aurora Road, Suite 100, Solon, Ohio 44139.
Mace Security International, Inc.
Garnett Meador, 440-424-5393
KEYWORDS: United States North America Ohio
The article Mace Security International, Inc. Will Consolidate Its Manufacturing, Distribution Facilities and Corporate Support Functions into One Corporate Headquarters Building in 2013 originally appeared on Fool.com.
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