Standex has confirmed that the fire it experienced in its New Albany, Mississippi warehouse last week led to approximately $8 million worth of damage.
This figure comprised $7 million of damage to the company’s finished goods and $1 million related to ancillary handling equipment.
However the firm has said that it has insurance coverage associated with the damage to the inventory and equipment.
Speaking about the fire and its impact, the company’s CEO, David Dunbar, said: “Thankfully, no one was hurt in this incident. I want to recognize the significant efforts of the emergency responders.”
“Our team is now working diligently to minimize the impact of this incident on our customers as we identify alternative locations for finished goods.”
The fire, in the warehouse serving Standex’s Refrigerated Solutions Group Master-Bilt brand, broke out on June 26.
The warehouse, which is leased, comprises approximately 155,000 square feet.
There were no injuries to the sixteen Company personnel and the incident is currently under investigation by local authorities.
The site serves as the main production hub of Master-Bilt merchandisers, walk-in coolers, freezers, reach-ins, prep tables and ice cream cabinets.
The company, which also owns the Nor-Lake brand, has an additional facility in Hudson, Wisconsin.
Master-Bilt has been supplying retail and commercial refrigeration solutions since 1938.