Business News

Gerber Scientific, Inc. to Consolidate Northeastern U.S. Manufacturing Facilities

Wednesday 09. June 2010 - Actions Expected to Result in Annualized Cost Savings of $0.9 million

Gerber Scientific, Inc. (NYSE:GRB) today announced that it will consolidate the operations of its Massachusetts-based business unit, Gerber Innovations, into its Tolland, Connecticut manufacturing facility, with an expected completion of September 30, 2010. As a result of the consolidation, the Company said it expects to generate annualized savings of approximately $0.9 million and incur charges of approximately $1.1 million to be recorded during the Company’s fiscal 2011 first and second quarters.

“This facility consolidation represents another step in our strategic plan to streamline our global operations and reduce our permanent cost structure,” said Marc Giles, Gerber Scientific President and Chief Executive Officer. “The relocation will allow us to fully utilize existing capacity at our Tolland facility and will allow our Gerber Innovations business unit to capitalize on the significant engineering and state-of-the-art manufacturing capabilities available here.”

The relocation of Gerber Innovations operations, which is a part of the Company’s Sign Making and Specialty Graphics segment, should be seamless to Gerber Innovations’ customers. Customers can expect service to continue uninterrupted and may continue to use 1.800.400.3458 to contact Gerber Innovations.