From the Wires
Winland Announces the Closing of the Sale of Its Mankato Headquarters Building
Jan. 7, 2013 02:09 PM
Winland Electronics, Inc. (NYSE Amex: WEX) today announced that it has
completed the sale of its 58,000 square foot headquarters and
manufacturing building to Nortech Systems, Inc., of Wayzata, MN. Winland
will continue to lease approximately 2,000 square feet of space in the
building, maintaining its operations in Mankato.
The company realized net proceeds of $2.65 million from the transaction.
About Winland Electronics
Winland Electronics, Inc. (www.winland.com),
is an industry leader of critical condition monitoring devices. Products
including EnviroAlert, WaterBug, TempAlert, Vehicle Alert and more are
designed in-house to monitor critical conditions for industries
including health/medical, grocery/food service, commercial/industrial,
as well as agriculture and residential. Proudly made in the USA, Winland
products are compatible with any hard wire or wireless alarm system and
are available through distribution worldwide. Headquartered in Mankato,
MN, Winland trades on the NYSE Amex Exchange under the symbol WEX.
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