date:Aug 09, 2013
sto, Calif. The transfer of production capabilities and closing of the plant are expected to be completed by September 2014. Completion of the transfer and start-up of production to other facilities is expected to require capital expenditures of approximately $29.8 million, Post said. But the company expects to achieve net pre-tax annual cash manufacturing cost savings of approximately $14 million as a result of the closing, with about 20% of the savings expected in fiscal 2014 and the remainder