Clarion Announces Acquisition of Equipment in Iowa
11 Dezember 2003 - 1:22PM
PR Newswire (US)
Clarion Announces Acquisition of Equipment in Iowa GRAND RAPIDS,
Mich., Dec. 11 /PRNewswire-FirstCall/ -- Clarion Technologies, Inc.
(BULLETIN BOARD: CLAR) today reported that it has signed an
agreement to purchase certain molding equipment at the Pella, Iowa
facility of Engineered Plastics Components, Inc. The purchase price
for the equipment is $1,090,000, and the purchase is scheduled to
close in mid- December, 2003. This purchase is expected to provide
Clarion with the opportunity to obtain business from a new large
appliance customer located in Iowa. In addition, Clarion will
pursue current and future growth opportunities with existing
customers in both the consumers products and automotive markets
located in Iowa and the surrounding states. Clarion Technologies,
Inc. operates five manufacturing facilities in Michigan and South
Carolina with approximately 145 injection molding machines ranging
in size from 55 to 1500 tons of clamping force. The Company's
headquarters are located in Grand Rapids, Michigan. Further
information about Clarion Technologies can be obtained on the web
at http://www.clariontechnologies.com/ or by contacting Mary
Asadorian at (616)233-6680. With the exception of historical
factual information, the statements made in this press release
include forward-looking statements. These statements are based upon
current expectations and are made pursuant to the safe harbor
provisions of the Private Litigation Reform Act of 1995. Such
forward-looking statements involve certain known and unknown
assumptions, risks and uncertainties that could cause actual
results to differ materially from those included in or contemplated
by the statements. These assumptions, risks and uncertainties
include, but are not limited to, those discussed or indicated in
the Company's Annual Report on Form 10-K for the year ended
December 28, 2002 and in all documents filed by the Company with
the Securities and Exchange Commission. The Company disclaims any
obligation to update any forward- looking statements as a result of
developments occurring after the date of this press release.
DATASOURCE: Clarion Technologies, Inc. CONTACT: Mary Asadorian of
Clarion Technologies, Inc., +1-616-233-6680 Web site:
http://www.clariontechnologies.com/
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