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Sparton Corporation will be closing its Lawrenceville, Georgia manufacturing operations no later than June 30, 2016. The closing is in line with actions being taken related to acquisition synergies that optimize the company's facility footprint.
"While this decision was extremely difficult, it is critical for us to take the steps necessary to ensure the long-term viability of the company,” said Cary Wood, CEO. "We have been faced with excess capacity for some time now and we need to optimize our manufacturing resources to a much more competitive level."
The Lawrenceville facility was acquired as part of the Hunter Technology acquisition in April 2015 and has been operating within the Manufacturing & Design Services (MDS) segment. Products currently manufactured in Lawrenceville will be transferred to the company’s other MDS facilities. Customer orders will not be affected by the transfer to other facilities.
The closing affects 82 employees and Sparton will work with various state and local agencies to provide displaced employees with job search assistance, basic skills training and counseling.
Sparton Corporation, now in its 116th year, is a provider of complex and sophisticated electromechanical devices with capabilities that include concept development, industrial design, design and manufacturing engineering, production, distribution, field service, and refurbishment. The primary markets served are Medical & Biotechnology, Military & Aerospace, and Industrial & Commercial. Headquartered in Schaumburg, IL, Sparton currently has fifteen manufacturing locations and engineering design centers worldwide. Sparton's web site may be accessed at www.sparton.com.