Item 2. Properties
Item
2 - PROPERTIES
The
Company owns two facilities in Exton, Pennsylvania, which is located approximately one hour west of Philadelphia, Pennsylvania. These
facilities contain approximately 113,000 square feet of manufacturing and office space. The Company leases an additional facility located
near its Exton facilities, which provides another 11,000 square feet of space, used for warehousing. Most of the manufacturing of flexible
metal hose is performed at the Exton facilities. In the U.S., the Company also leases a facility in Houston, Texas, which contains manufacturing,
stocking and sales operations, and a corporate office located in Middletown, Connecticut. In the U.K., the Company leases a facility
in Banbury, England, which manufactures products and serves sales, warehousing, and operational functions as well.
Additionally,
the Company, with a lease commencement date of January 1, 2024, leases a facility in West Chester, Pennsylvania, providing approximately
28,000 square feet of warehousing and storage, quality control, distribution, and corporate office space. See Note 14. Subsequent Events
to the Consolidated Financial Statements included in this report.
Item
3 - LEGAL PROCEEDINGS
See
legal proceedings disclosure in Note 7, Commitments and Contingencies, to the Consolidated Financial Statements included in this report.
Item
4 – MINE SAFETY DISCLOSURES
Not
applicable.
- 18 -
PART
II
Text extracted from the filing as submitted to EDGAR. Formatting, tables and exhibits are simplified for reading; the original document is authoritative for anything you rely on.