#Manufacturing #Robertshaw #Trnava #Slovakia

Robertshaw's Commitment to the European Market

Robertshaw Controls Company, a global leader in engineering and manufacturing, has recently reaffirmed its commitment to the European marketplace following the successful sale of its production facility located in Trnava, Slovakia. This transaction, finalized in October 2024, came amidst a restructuring effort aimed at mitigating substantial debt and enhancing financial flexibility.

Sale and Strategic Restructuring

Shortly after closing the deal, Robertshaw faced some challenges, including misleading statements that emerged regarding the restructuring process in the United States. However, Robertshaw firmly states that the restructuring plan, which successfully reduced the company's debt by approximately $650 million, was entirely separate from the factory sale. This strategic move has significantly bolstered the company's liquidity, enabling it to focus on future investments and to continue supporting its global customer base.

Despite the sale, Robertshaw has maintained its strong presence in the European market, emphasizing its long-term commitment to growth in various production sites worldwide.

The sale also positively impacted the 130 employees at the Trnava plant, securing their jobs under the new ownership. Robertshaw expressed deep appreciation for the dedication and professionalism of its workforce, stating the importance of retaining jobs during the transition.

Celebrating 125 Years of Innovation

The full health of the organization is evident as Robertshaw commemorates its 125th anniversary with continued innovation and expansion. According to CEO John Hewitt, the company now employs over 4,800 personnel across 14 countries.