Sales growth at Velvac (from Eastern Company)

 

Net sales from continuing operations for 2022 increased 13% compared to 2021, due to demand across a broad range of our commercial vehicle and industrial markets. In addition, sales of new products, including several new truck mirror program launches, contributed significantly to sales growth at Velvac. Similarly, net sales from Big 3 Precision Products, our returnable transport packaging business, grew by 33% compared to 2021, as our customers stepped up preparations for new product launches that are scheduled to take place in 2023.