Inscape announced Monday that it has entered into an agreement for the sale of the Falconer Facility which currently manufactures Inscape’s branded Walls products and the DC Rollform integrated metal fabrication business to Dahlstrom Roll Form. The purchase price is estimated at $4.5 million (Canadian). The sale is subject to completion of certain terms and conditions, including but not limited to financing and due diligence. The expected closing date is on or before December 30, 2019.

The Sale involves the following transactions:

Sale of DC Rollform Integrated Metal Fabrication business
Sale of the Falconer, New York land, building and certain equipment located at 221 Lister Avenue
Inscape will lease back a portion of space to continue the manufacture and distribution of their branded Walls products. To ensure a smooth transition, the new leasing agreement will take effect on closing

“This transaction is consistent with our commitment to grow our business profitably by focusing on our core branded business. We expect this transaction will significantly improve our operational and financial performance,” commented Brian Mirsky, CEO.