Shoals Technologies Group Inc
For the period ended Dec 31, 2023. Filed Feb 28, 2024.
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FY2023 · Filed Feb 28, 2024
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Item 2. Properties
The table below describes the material facilities owned or leased by Shoals Technologies Group, Inc. as of February 2024:
| Location · Status · Approximate Square Feet · Uses | ||||
|---|---|---|---|---|
| 1400 | Shoals Way, Portland, TN | Owned | 103,200 | Office, manufacturing, warehousing and shipping |
| 1035 | Fred White Blvd., Portland, TN | Owned | 75,360 | Office, warehousing and shipping |
| 109 | Kirby Drive, Portland, TN | Leased | 219,767 | Office, manufacturing, warehousing and shipping |
| 215 | Industrial Drive, Muscle Shoals, AL | Owned | 16,910 | Office, manufacturing, warehousing and shipping |
| 1500 | Shoals Way, Portland, TN | Leased | 638,330 | Office, manufacturing, warehousing and shipping |
In February 2024, we announced the closing of our Poway, California facility as a result of a strategic assessment aimed at enhancing overall production and performance and at allowing for greater efficiency throughout our operations. The closure is expected to be completed in May of 2024.
We believe that our existing properties are in good condition and are sufficient and suitable for the conduct of our business for the foreseeable future. Nevertheless, on February 21, 2024, we announced our intention to expand and consolidate our existing Tennessee-based manufacturing and distribution operations into a new, more than 600,000 square foot facility in Portland, Tennessee over the next five years, and on February 7, 2024, we entered into a lease agreement for the new facility.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.