Armstrong Corp. to Decrease Operating Costs By Scaling Down

Toronto, Ontario -- Armstrong Corp. has taken the first major step in an aggressive program to increase operating efficiencies and manufacturing productivity, the company says, by choosing to exercise its option to give notice to vacate approximately 35,000 square feet of its leased Eastside Drive, Toronto warehousing location. The Company will vacate this portion of the premises by December 31, 2000.

According to a statement made by David Armstrong, Armstrong’s President and CEO, "This move will allow the Company to utilize its current warehousing and manufacturing facilities at Weston Road, Toronto and Haines Road, Mississauga to their optimal capacities in addition to reducing the Company's overhead costs. The remaining 40,000 square feet of leased space at Eastside is being re-designed and re-racked to ensure optimal space utilization."

It's anticipated that this reconfiguration of the company's manufacturing facilities will result in annualized cost savings in excess of $350,000.

Armstrong operates as a manufacturer, packager and distributor of specialty chemical products for consumer, institutional and industrial applications including the sanitation and janitorial supply markets.