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TAB Products Unloads Surplus Manufacturing Facility, Vacant Land

TURLOCK, CA-Dave Davis, chief financial officer for the publicly traded document management company, describes the sale of the 100,000-sf facility and an adjacent, vacant parcel as simply "the conversion of an underutilized asset to cash.

By Brian K. Miller | Updated on February 22, 2001

TURLOCK, CA-San Jose-based TAB Products Co. says this week it has closed on the sale of a 100,000-sf paper manufacturing facility and an adjacent parcel of vacant land in Turlock, CA. The sale price, which included two parcels totaling six acres, was $2.9 million.

TAB Chief Financial Officer Dave Davis declined to name the “local buyer” and it was not otherwise immediately available. He described the sale “the conversion of an underutilized asset to cash” for the publicly traded document management company.

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