Manufacturing  May 21, 2019

ARC Group Worldwide slashes workforce, vacates building

ARC Group Worldwide Inc. owns this building at 7040 Weld County Road 20, along with an adjacent building. Christopher Wood/BizWest
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FIRESTONE and LONGMONT — A Florida-based manufacturing company with operations in Firestone and Longmont has slashed about 32 percent of positions in a key division and is vacating one building entirely, even as it faces potential delisting from the Nasdaq stock exchange.

ARC Group Worldwide Inc. (Nasdaq: ARCW), based in Deland, Fla., said in a quarterly filing with the U.S. Securities and Exchange Commission that is has largely completed a restructuring that saw it reduce costs in its Precision Components Group by $7.1 million annually.

The Precision Components Group includes what was formerly known as Advanced…

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Christopher Wood
Christopher Wood is editor and publisher of BizWest, a regional business journal covering Boulder, Broomfield, Larimer and Weld counties. Wood co-founded the Northern Colorado Business Report in 1995 and served as publisher of the Boulder County Business Report until the two publications were merged to form BizWest in 2014. From 1990 to 1995, Wood served as reporter and managing editor of the Denver Business Journal. He is a Marine Corps veteran and a graduate of the University of Colorado Boulder. He has won numerous awards from the Colorado Press Association, Society of Professional Journalists and the Alliance of Area Business Publishers.
Categories: Firestone Industry News Longmont Manufacturing Morning Edition Real Estate & Construction Today's News ARC Group Worldwide Inc.
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