Huttig Sells Wisconsin Distribution Facility

Huttig Building Products announced an agreement in principle to sell the assets of its Howard distribution facility in Green Bay, Wis. The company says it expects this deal to close in the second quarter of 2007. This follows a string of closings for the company, as it also closed facilities that have underperformed, according to Huttig, in Spokane, Wash., Hauppage, N.Y., and Dothan, Ala.

"We believe the last of our major cost reduction efforts will shake out during the second quarter of 2007, and we are already transitioning our strategy to focus more fully on expanding market share while continuing to monitor and control expenses and working capital," says Jon P. Vrabely, the company's president and chief executive officer.


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