Snorkel buys back facility
Last week Snorkel completed the purchase of its main manufacturing facilities in Elwood Kansas from its previous owner Textron. The acquisition includes offices and the assembly and parts warehouses.
“This has been our long-term plan since restarting the company,” said Frank Scarborough, executive vice president and COO. “It’s just another stage of our comeback as we revitalize the company. This investment also indicates the confidence our investors have in the future of the company and our current management team.”