The eastern company to exit associated tool makers, ltd.

Company expects to record a charge of approximately $4.0 million in the second quarter shelton, ct / accesswire / may 1, 2023 / the eastern company (the "company") (nasdaq:eml), an industrial manufacturer of unique engineered solutions serving commercial transportation, logistics, and other industrial markets, today announced that the company plans to close associated tool makers, ltd., its european mold tooling service facility based in the u.k. as a result, the company expects to record charges totaling approximately $4.0 million in the second quarter of fiscal 2023 for severance and other related costs associated with exiting the business.
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