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Subsequent Events
9 Months Ended
Oct. 01, 2022
Subsequent Events  
Note O - Subsequent Events

Note O – Subsequent Events

 

Subsequent to the end of the third quarter of 2022, on October 14, 2022, the Company closed on the sale of the assets of Argo to CCK Automation, LLC. The proceeds will be used to pay down debt and fund the operations of the Company. The strategic decision to divest of the Argo business reflects our strategy of focusing on our core capabilities and offerings.