Key Tronic to sell surplus plant in New Mexico

Key Tronic Corp., the Spokane Valley-based contract manufacturer, has agreed to sell a surplus manufacturing property it owns in Las Cruces, N.M., for about $4.3 million.

The property, which includes a roughly 45,000-squarefoot building and about 23 acres of land, is being sold to Adevco Corp., a Norcross, Ga.-based real estate investment company, pending a due-diligence review by that company, says Ron Klawitter, Key Tronic's CFO.

Klawitter says Key Tronic hasn't used the manufacturing facility for about two years. It acquired the property in 1993 as part of its acquisition of Honeywell Inc.'s keyboard division, and had made a type of circuits there, he says. That production was moved to Key Tronic's manufacturing facility in Juarez, Mexico, about 45 miles southeast of Las Cruces, two years ago, Klawitter says. The New Mexico property has been vacant and for sale since then, he says.

Key Tronic, known originally as a keyboard maker, designs and manufactures a host of products and components for other companies.

It has operations here and in Texas, Mexico, and China.

Copyright Northwest Business Press Inc. Jan 25, 2007
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