A Dark Vector Cognition product

Item 2. Properties.

2K characters. Original on sec.gov ·

Item 2. Properties.

The Company conducts business at plants and offices that can be owned or leased and located in the U.S. or outside the U.S., with square footage primarily in Germany (12%), U.K. (6%), Italy (5%), India (3%), China (2%), Canada (2%) and The Netherlands (2%). The Company has invested a significant amount of capital to expand both the China and India facilities that will ultimately double the Company’s historic capacity in each of these countries. Otherwise, management considers its facilities suitable and adequate for the Company’s operations and believes the Company can meet demand increases over the near term with its existing facilities, especially given its operational improvement initiatives that usually increase capacity.

A summary of properties used by the Company’s operations as of December 31, 2021 are shown in the following table:

Square footage (in millions)
LocationOwned/Leased
TotalDomesticInternationalOwnedLeased
Fluid & Metering Technologies1.91.40.51.20.7
Health & Science Technologies1.61.00.60.70.9
Fire & Safety/Diversified Products1.40.80.61.10.3
Other(1)0.30.10.20.20.1
Total5.23.31.93.22.0

(1) Other includes shared service locations as well as the Company’s executive office, which occupies 40,261 square feet of leased space in Northbrook, Illinois and 16,268 square feet of leased space in Chicago, Illinois.

Previous: Item 1B. Unresolved Staff Comments. · Next: Item 3. Legal Proceedings.