Plant Closure and Consolidation

12 Months Ended

Dec. 31, 2024

Restructuring and Related Activities [Abstract]

Plant Closure and Consolidation

Plant Closure and Consolidation

During 2024, the Company consolidated an Assembly Components facility and closed an Engineered Products operation in Ohio. In connection with these actions, the Company received cash proceeds of $11.5 million and recorded a gain on sale of assets of $2.5 million, which is included on a separate line in the Statements of Consolidated Operations.

During 2023 and 2022, the Company incurred the following expenses related to plant closure and consolidation in connection with its profit-improvement actions across its businesses. The actions in the Assembly Components segment were primarily in connection with actions taken to close and consolidate its extrusion operations in Ohio, to relocate certain production to lower-cost facilities with open capacity, and to complete other cost-reduction actions.

The actions in the Engineered Product segment were primarily in connection with plant closure and consolidation of a facility in Ohio, and to complete other cost-reduction actions in this segment.

	Facility Related Costs		Severance and Other		Total
2023:
Assembly Components	$	0.5	$	—	$	0.5
Engineered Products	2.7		1.9		4.6
Total	$	3.2	$	1.9	$	5.1
2022:
Assembly Components	$	5.6	$	—	$	5.6
Engineered Products	8.2		0.2		8.4
Total	$	13.8	$	0.2	$	14.0

The Company sold certain real estate for cash proceeds and gains on sales as follows. Gains are recorded on a separate line in the Consolidated Statements of Operations and are excluded from segment operating income.

	Cash Proceeds from Sales of Assets		Gains on Sales of Assets
2024	$	11.5	$	2.5
2023	$	2.0	$	0.8
2022	$	9.5	$	2.4