Trans-Industries, Inc. Completes Sale of Rochester Hills Plant
13 Julho 2004 - 6:15PM
PR Newswire (US)
Trans-Industries, Inc. Completes Sale of Rochester Hills Plant
ROCHESTER HILLS, Mich., July 13 /PRNewswire-FirstCall/ --
Trans-Industries, Inc. (NASDAQ:TRNI), a manufacturer of bus
lighting systems and information display products, today announced
the sale of its Rochester Hills, Mich., plant for $2.8 million. The
net proceeds will be used to retire bank term debt and add to
working capital. The electronics manufacturing and assembly
activities formerly conducted at this facility were combined,
during the latter part of 2003, with those at the Company's Bad
Axe, Mich., information systems plant. Administrative, engineering,
sales and service activities conducted by the Vultron, Inc.
subsidiary will be transferred to a leased facility in the
Rochester Hills area that will be available for occupancy in
September. About the Company: The Company is a leading provider of
lighting systems and related components to the mass transit market
as well as a supplier of information hardware and software
solutions on Intelligent Transportation Systems (ITS) and mass
transit projects. ITS utilizes integrated networks of electronic
sensors, signs and software to monitor road conditions, communicate
information to drivers and help transportation authorities better
manage traffic flow across their existing infrastructures. Visit
Trans-Industries at http://www.transindustries.com/ . DATASOURCE:
Trans-Industries, Inc. CONTACT: Kai Kosanke, Chief Financial
Officer of Trans-Industries, +1-248-852-1990 Web site:
http://www.transindustries.com/
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