The sale is part of IMI’s ongoing restructuring plan to cut costs and consolidate its European operations into Serbia and Bulgaria.
Most Czech-based customers have already been moved, with the rest to be supported under a temporary manufacturing agreement with Keboda.
The deal will be paid in three tranches and is subject to regulatory approvals, carveouts, and contract finalizations.
This move follows IMI’s turnaround progress in early 2025, where the company returned to profit with net income of $3.3 million and more than doubled earnings before interest, taxes, depreciation, and amortization.
The cost cuts from its restructuring program, which began in mid-2024, have improved margins and strengthened cash flow.
