CLARCOR to Build New U.S. Distribution Center at Baldwin Filters

Thu Jan 31, 2013 5:33pm EST

* Reuters is not responsible for the content in this press release.

http://pdf.reuters.com/htmlnews/8knews.asp?i=43059c3bf0e37541&u=urn:newsml:reuters.com:20130131:nBw316726a

FRANKLIN, Tenn.--(Business Wire)--
The Board of Directors of CLARCOR Inc. (NYSE: CLC) has approved an approximately
$40 million investment by its subsidiary Baldwin Filters, Inc. to build a new
400,000 square foot warehouse and distribution center adjacent to Baldwin`s
current manufacturing facility in Kearney, Nebraska. The project is anticipated
to take approximately two years to complete. 

Chris Conway, CLARCOR`s Chairman and Chief Executive Officer, stated, "Our
Baldwin business is a principal driver of CLARCOR`s success, and we are excited
to expand Baldwin`s capacity to handle anticipated growth over the next decade.
Baldwin has become the leading North American supplier of heavy duty aftermarket
engine filters precisely because of its product breadth and its demonstrated
ability to meet its customers` expectations for product quality, performance,
and on time delivery. Efficient distribution capabilities and excellent customer
service are the lifeblood of Baldwin, and our new facility should ensure that
Baldwin retains these competitive advantages for years to come. 

"Not only will we improve our warehousing and distribution capabilities, but the
new facility should allow us to address inefficiencies with off-site storage and
free up additional manufacturing space so that Baldwin can make an even broader
array of products, achieve greater production efficiencies and advance its
efforts to develop new and exciting engine filtration technologies. We expect to
see capacity and efficiency gains as a result of this project." 

Groundbreaking for the new facility is expected to take place in the spring of
2013 with the anticipated opening of the facility in the spring of 2015.
Approximately $20 million of the total investment is anticipated to be made in
fiscal year 2013 and has been included in CLARCOR`s 2013 capital expenditure
budget. The remainder of the approximately $40 million total investment is
expected to be made in fiscal years 2014 and 2015. 

CLARCOR is based in Franklin, Tennessee and is a diversified marketer and
manufacturer of mobile, industrial and environmental filtration products and
consumer and industrial packaging products sold in domestic and international
markets. Common shares of the Company are traded on the New York Stock Exchange
under the symbol CLC.

CLARCOR Inc.
David J. Fallon, 615-771-3100
Chief Financial Officer 

Copyright Business Wire 2013

Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.