U.S. Gypsum Co. will temporarily close its wallboard manufacturing plant in Stony Point, N.Y., this June, while L&W Supply Corp. will close three more distribution facilities, parent company U.S. Corp. revealed in an SEC filing submitted late today.
USG will record charges worth $12.2 million related to the closures and workforce cuts. It didn't identify which L&W outlets would be closed. As of Dec. 31, it had 164 distribution centers in 37 states. According to its financial reports, L&W closed six locations in 2007, 54 in 2008, 15 in the first nine months of 2009, and another 22 in October 2009.
Last month, U.S. Gypsum Co. reported