Washington (AP) — Proliance International Inc., a maker of heat-transfer and temperature-control products, Thursday said it would close 22 U.S. distribution centers in a restructuring designed to save money.
Specific locations were not yet being disclosed, Chief Financial Officer Richard A. Wisot said.
Wisot also declined to comment on how many of the New Haven, Conn., company’s 2,500 employees would be affected by the restructuring. Proliance has 123 distribution branches.
Costs associated with the move will range from about $500,000 to $600,000, according to the company’s Securities and Exchange Commission filing. About $200,000 to $300,000 of the costs will go toward termination benefits, the filing said.
Last month, Proliance, which makes its products for the automotive and heavy-duty application industries, said it would move part of its manufacturing operation in Arlington, Texas, to Nuevo Laredo in Mexico to reduce costs.
That move is expected to be completed by year’s end and cost the company between $100,000 and $130,000.
Proliance shares rose 9 cents, or 2 percent, to close at $4.60 Thursday on the American Stock Exchange.