HARVARD BIOSCIENCE INC (HBIO): restructuring charge — Harvard Bioscience to close Holliston facility; expects $4M annual savings from 2028

HARVARD BIOSCIENCE INC

Closes Holliston, MA plant; moves US production to Minneapolis, MN; some operations to Germany, Sweden, UK.
Project Viking: ~$3M cost savings in 2027, ~$4M annual from 2028 from overhead reduction and SKU rationalization.
Pre-tax restructuring charges estimated $3.4-4.4M, including non-cash asset write-offs of $0.6-0.7M.
Consolidation substantially complete by first half 2027; Holliston stays operational through 2026 for continuity.

Key facts

Extracted from this filing and checked against the source text.

Restructurings & Charges SEC 8-K Item 2.05/2.06 confidence 0.9

HARVARD BIOSCIENCE INC announced a restructuring with charges of $3.4 to $4.4 million affecting manufacturing operations (targeted reconfiguration of the Company’s workforce across impacted operations).

Type: restructuring
Charge: $3.4 to $4.4 million
Affected area: manufacturing operations
Headcount: targeted reconfiguration of the Company’s workforce across impacted operations

Exact text from the filing

of the Company’s workforce across impacted operations. The Company expects to incur pre-tax restructuring charges related to Project Viking in the range of approximately $3.4 to $4.4 million, including non-cash asset write-off and/or accelerated depreciation charges in the range of approximately $0.6 to $0.7 million, primarily related to the exit of

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Source: SEC EDGAR

accession 0001171843-26-000516

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