Nautilus, Inc. is consolidating its U.S. manufacturing and distribution facilities. Nautilus will close its Tulsa, Oklahoma facilities by the end of 2008 and transfer the manufacturing of their products, principally, to its facility in Independence, VA. The company does not plan to eliminate any major product lines as a result of the consolidation.
Nautilus distribution will be consolidated into its two centers located in Independence and Portland, OR. The company is in the process of determining the costs to be incurred for the consolidation and will disclose more information during a July 31, 2008 earnings conference call.
“By streamlining these functions, it supports our restructuring activity to provide better efficiency in our manufacturing processes and better service for our customers,” stated SVP and general manager Tim Joyce.
