The consolidation will include relocation of its distribution operations in Texas to Minnesota. The company will also consolidate operations in the United States related to marketing, training, regulatory, clinical, supply chain and corporate functions to a single site in Minneapolis. The company’s European facilities will be consolidated in St. Ismier, France, and Dunmanway, Ireland.
The company estimates it will incur $6 million to $7 million in restructuring charges but reduce annual operation expenses by $2.3 million to $2.8 million per year beginning in 2013.
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