Dec 18 (Reuters) - Hammond Power Solutions Inc HPSa.TO :
* HAMMOND POWER SOLUTIONS ANNOUNCES PLANT CLOSURE OF ITS ITALIAN OPERATION
* HAMMOND POWER SOLUTIONS INC - INTENTION TO DISCONTINUE AND CLOSE ITS MANUFACTURING OPERATIONS AT THEIR MARNATE, ITALY FACILITY.
* HAMMOND POWER SOLUTIONS INC - CLOSURE PROCESS WILL OCCUR OVER NEXT SEVERAL MONTHS
* HAMMOND POWER SOLUTIONS INC - AS A RESULT OF PLANT CLOSURE, A CHARGE OF APPROXIMATELY $14 TO $16 MILLION WILL BE RECORDED IN Q4 OF 2018
* HAMMOND POWER SOLUTIONS INC - APPROXIMATELY $5 MILLION OF Q4 CHARGE RELATES TO CASH ITEMS AND REMAINDER TO NON-CASH
* HAMMOND POWER SOLUTIONS - EXPECTS POSITIVE CONTRIBUTION TO ADJUSTED EBITDA OF ABOUT $3.5 TO $4.0 MILLION IN 2019 AND SUBSEQUENT YEARS FROM PLANT CLOSURE