Twin disc announces sale of belgium facility

Racine, wis., sept. 20, 2022 (globe newswire) -- twin disc, inc. (nasdaq: twin) a global leader in power transmission technology for marine, land-based and oil & gas applications, has announced the sale of its facility located at 54 chaussÉe de namur, nivelles, belgium. the 390,000 ft2 property, including plot of land and buildings was sold for €6.950.000. the agreement also contains a two-year renewable lease back provision, allowing for a smooth transition to a smaller and more efficient facility.
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