Broadwind Announces Sale of Industrial Fabrication Operations in Manitowoc, Wisconsin
1. BWEN sold Manitowoc facility for at least $13 million. 2. Transaction improves liquidity and reduces net leverage for BWEN. 3. Annual operating costs expected to decrease by $8 million post-sale. 4. Revenue diversification into precision manufacturing segments is prioritized. 5. Higher-margin segments will enhance BWEN’s strategic focus.