SALEM, New Hampshire – Standex International Corporation’s New Albany, Mississippi warehouse serving its Refrigerated Solutions Group Master-Bilt brand was “substantially destroyed” in a fire on June 26.
The warehouse, which is leased, comprises approximately 155,000 square feet. There were no injuries to the 16 staff. Both the warehouse facility and its contents were lost.
The incident is currently under investigation by local authorities. Local media reported that the blaze spread from an adjacent furniture wholesale business.
While the adjacent manufacturing facilities, which produce walk-in coolers, freezers, reach-ins, prep tables and ice cream cabinets, did not suffer any damage and have resumed normal production, there was approximately US$7 million of damage to Standex’s finished goods and approximately $1 million related to ancillary handling equipment.
The company has insurance coverage associated with the damage to the inventory and equipment.
“Thankfully, no one was hurt in this incident. I want to recognize the significant efforts of the emergency responders,” said Standex CEO David Dunbar.
“Our team is now working diligently to minimize the impact of this incident on our customers as we identify alternative locations for finished goods.”
Standex International Corporation is a global, multi-industry manufacturer in five broad business segments: Food Service Equipment, Engineering Technologies, Engraving, Electronics, and Hydraulics.