Vishay Precision Group completed the sale of its manufacturing facility in Kent, Washington, in July 2025. This divestiture is part of the company's ongoing cost reduction and efficiency initiatives. The transaction generated approximately $10.8 million in net proceeds for VPG.
The company recognized a gain of $5.6 million from the sale of the facility. The net proceeds were strategically utilized to reduce VPG's outstanding bank revolver debt. This debt reduction is projected to result in annual interest expense savings of approximately $700,000.
This move reflects VPG's commitment to optimizing its asset base and improving its financial structure. The reduction in debt is expected to enhance the company's financial flexibility and operational efficiency.
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