Today we are glad to announce an agreement to sell our specialty manufacturing facility in Baltimore, Maryland, to China-based Independent Manufacturing Company for approximately $25 million. The transaction is expected to close during the fourth quarter of 2016 and the proceeds are subject to customary closing adjustments.
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One of our partners, RX Systems, a leader in technology innovation for the Department of Defense (DoD) and Intelligence Community (IC), today announced that they will partner with Planet in the development of BlueGlass™ – RX Systems’ easily accessible location-based intelligence platform.Fabricator will supply both companies with all necessary infrastructure resources.
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Our daughter company, Wilson Manufacturing, has been selected as a component of the Dow Jones Sustainability Index (DJSI) for the USA and North America for the sixth consecutive year. Wilson Manufacturing’s overall score increased from 75 last year to 77 this year, which places the company in the 83rd percentile of the DJSI.
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There’s a reason Fabricator has been in the custom industrial fabricating business for 24 years: we know metal. For us, metal craftsmanship is an art, and we truly enjoy what we do. We are the only metal fabrication company that has the level of sophisticated equipment that we do to complete custom architectural metal work.
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