CHARLES INDUSTRIES ANNOUNCES MANUFACTURE DISCONTINUATION PLANS FOR MAJORITY OF MARINE & INDUSTRIAL PRODUCT LINES
COMPANY TO STRATEGICALLY FOCUS ON TELECOMMUNICATIONS BUSINESS
ROLLING MEADOWS, IL (November 2, 2016) – With a mission to focus on the
company’s core telecommunications business and innovative enclosed solutions, Charles
Industries, Ltd. announced today that it has initiated manufacture discontinuation for the majority
of its Marine and Industrial (M&I) Group product lines. Charles’ Marine & Industrial Group is a
leading provider of high-quality AC and DC electrical products for marine and industrial markets.
The manufacture discontinuation actions were initiated due to multiple factors including:
component availability, market demand, competing technologies, regulatory changes, a
corporate strategic shift away from printed circuit design and assembly, and the associated
diverse resources and manufacturing capabilities required to support the Marine & Industrial
Group’s product lines.