Sparton Corporation to Close Lawrenceville, Georgia Manufacturing Facility

Staff Report From Metro Atlanta CEO

Tuesday, October 6th, 2015

Sparton Corporation today announced the closing of its Lawrenceville, GA manufacturing operations no later than June 30, 2016. The closing is in-line to actions being taken related to acquisition synergies that optimize our facility footprint.

“We have been faced with excess capacity for some time now and we need to optimize our manufacturing resources to a much more competitive level.”

“While this decision was extremely difficult, it is critical for us to take the steps necessary to ensure the long-term viability of the Company,” said Cary Wood, CEO. “We have been faced with excess capacity for some time now and we need to optimize our manufacturing resources to a much more competitive level.”

The Lawrenceville facility was acquired as part of the Hunter Technology acquisition in April 2015 and has been operating within the Manufacturing & Design Services segment. Products currently manufactured in Lawrenceville will be transferred to the Company’s other MDS facilities. Customer orders will not be affected by the transfer to other facilities.

The closing affects 82 employees and Sparton will work with various State and local agencies to provide displaced employees with job search assistance, basic skills training and counseling.