Cadence announced today that it has finalized planned changes to its manufacturing footprint. This effort to optimize use of company assets included the move of the Sturgeon Bay, Wisconsin operations into a new 63,000 ft2 production facility and the divestiture of facilities located in Plymouth, Massachusetts, and the Dominican Republic.
The new, state-of-the-art facility in Sturgeon Bay will showcase core capabilities in precision stamping, multi-slide forming, injection molding, automated assembly, and in-house tool building. Other changes include the sale of the Dominican Republic facility to EG-GILERO, a division of EG Industries, and the consolidation of the facility in Plymouth, Massachusetts.
“We continue to strengthen our trusted manufacturing platform,” said Alan Connor, CEO. “As a customer-focused partner, we respond quickly to our customers’ ever-changing needs. This evolution drives us to provide metals and plastics solutions within each of our facilities to reduce lead-time and total manufacturing costs. It is also important to note that our recent lean manufacturing efforts to eliminate labor content through automation and advanced tooling concepts have minimized the need for a low-cost labor option. Notwithstanding one-time costs associated with these changes, we expect that this facility optimization will improve our financial performance and confirms our commitment to long-term success for our customers, employees and shareholders.”
About Cadence, Inc. – Cadence is a single-source contract manufacturing partner. Cadence makes new devices a reality and delivers end-to-end solutions that simply make the world work better. Cadence employs more than 450 people worldwide with locations including:
- Advanced manufacturing in Rhode Island, Virginia, and Wisconsin
- Product Realization CenterTM in Pennsylvania
For more information on Cadence, please visit our website at cadenceinc.com.