Broadwind Inc. has announced that they have sold its Manitowoc industrial fabrication operations.
A Morning Star News article says the company has “entered into a definitive agreement to sell its industrial fabrication operations in Manitowoc for total consideration of not less than $13 million.”
In the article, Broadwind President and CEO Eric Blashford is quoted as saying, “This transaction supports our continued strategic diversification in precision manufacturing toward other key power generation and infrastructure markets…At the same time, we remain committed to serving our key wind customers while consolidating production into our most competitive facility.”
Morning Star News also noted that the transaction is expected to close during the third quarter of 2025.
