Item 2. Properties
ITEM 2. PROPERTIES
As of January 1, 2022, the Company and its subsidiaries owned or leased significant facilities used for manufacturing, distribution and sales offices in 23 states and 20 countries. The Company leases its corporate headquarters in New Britain, Connecticut. The Company has 110 facilities including its corporate headquarters that are larger than 100,000 square feet, as follows:
Owned Leased Total
Tools & Storage 46 38 84
Industrial 14 7 21
Mechanical Access Solutions 1 1 2
Corporate 2 1 3
Total 63 47 110
The combined size of these facilities is approximately 29 million square feet. The buildings are in good condition, suitable for their intended use, adequate to support the Company’s operations, and generally fully utilized. Excluded from the table above, the Company identified one lease, larger than 100,000 square feet, which is part of discontinued operations.
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