The objective of the new strategic direction, set to be implemented by the second quarter of 2017, is to support organic growth.
Alfa Laval Inc., Richmond, Va., announced a restructuring plan that will include three initiatives—create a leaner organization, separate out product groups and restructure its manufacturing footprint.
“We must adjust the size of our organization to existing market conditions,” says Tom Erixon, president and CEO. “However, before launching any short-term initiatives, we wanted to be perfectly clear about the long-term direction of the company.”