Tennant Company continues enterprise strategy with latest divesture
In February 2021, Tennant Company (Tennant) completed the sale of its coating business, Tennant Coatings, to The Sherwin-Williams Company (SWC), a nationwide paint and coating manufacturer. In the 12-months prior to the sale, the coating segment generated $22.1 million in sales, accounting for 2.2% of total company sales. This sale further pushes Tennant’s enterprise strategy to focus on segments where it has a competitive advantage. The sale of a non-core business allows the company to redirect resources to its core services and focus on more profitable activities.
Balance Sheet|Discontinued ActivityIn response to volatile demand in the wake of the first COVID-19 surge, the company undertook a comprehensive cost reduction program, aimed at shoring up labor and supply costs.
Lorem Ipsum text header Report Title
Lorem ipsum dolor sit amet, consectetur adipiscing elit. Maecenas non leo lacinia, consectetur ipsum non, pretium augue. Vestibulum accumsan dignissim massa, eu scelerisque mi malesuada ut. Aliquam scelerisque facilisis nisl ac varius. Nunc luctus nunc vel eros iaculis, vitae tristique ante fringilla. Ut vitae vulputate est, vel lacinia nisi. Curabitur eget nulla vitae mi faucibus imperdiet. Cras sagittis arcu eu diam pharetra iaculis eget sit amet risus. Morbi eget turpis ut diam commodo congue id eu lacus.
Cras sagittis arcu eu diam pharetra iaculis eget sit amet risus. Morbi eget turpis ut diam commodo congue id eu lacus.