14 February 2024

Carclo plc

Strategic Consolidation and Closure of Tucson Facility

Ossett, February 14, 2024 - Carclo plc, the leading global provider of high-precision components, offering comprehensive services from mould design, automation, and production to assembly and printing, serving the life sciences, aerospace, optics, and tech sectors, announces the strategic closure of its Tucson, AZ facility. This decision represents the culmination of our US restructuring efforts, aimed at optimizing our operational footprint and aligning closely with our strategic objectives.

In alignment with this closure, Carclo is taking significant steps to enhance operational efficiency and customer service. The majority of manufacturing volumes from the Tucson site are being relocated to our state-of-the-art facilities in Pennsylvania, USA. This move not only consolidates our technical and manufacturing expertise but also brings production closer to our Design & Engineering center, fostering innovation and efficiency.

Furthermore, Carclo is leveraging its global footprint to redistribute manufacturing capacity. This strategic reallocation is designed to position our production facilities closer to our customer bases, thereby improving service levels, reducing lead times, and facilitating more sustainable operations.

Employee Impact

Carclo is committed to supporting them through comprehensive transition assistance programs for the employees affected, including job placement services, counselling, and career transition resources.

Strategic Benefits and Future Direction

This restructuring is a key component of Carclo's strategy to achieve operational excellence, financial stability, and sustainable growth. By concentrating our operations, we aim to enhance our competitive edge, innovate more effectively, and provide superior value to our customers and stakeholders.

Commitment to Stakeholders

Carclo remains deeply committed to supporting all stakeholders through this transition. Detailed plans are in place to ensure a seamless transfer of operations, with minimal disruption to our customers and supply chain partners. We are dedicated to upholding the high standards of service and quality that define Carclo.

Enquiries

For further information or enquiries regarding this announcement, please contact:

Carclo plc - 01924 268040

Frank Doorenbosch - Chief Executive Officer

Eric Hutchinson - Chief Financial Officer

About Carclo plc

Carclo plc is a public company whose shares are quoted on the Main Market of the London Stock Exchange. The Group is a preferred and trusted partner of global customers, offering high-precision critical components that meet the needs of life sciences, aerospace, optics, and technology industries.

LEI: 21380078MEM399JPI956