Inotiv announces additional site consolidation plans in U.S. and proposed consolidation in Europe and U.K.

Inotiv, Inc.

Closing two isolator facilities in Indianapolis, IN, consolidating into existing U.S. facilities by end of fiscal year 2023.
Proposes consolidation of facilities in Gannat, France and Blackthorn, U.K. into Horst, Netherlands and Hillcrest, U.K., pending consultation with employee representatives.
Completed site closures at Cumberland, VA (Sept 2022) and Dublin, VA (Nov 2022); purchase agreement in place for Dublin facility.
Closure of Haslett, MI and Boyertown, PA facilities proceeding; expected to close by end of Q2 fiscal 2023 and be made available for sale.
CEO Robert Leasure expects the consolidations to enhance margins and reduce anticipated capital expenditure needs at closing sites.

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