|CSW Industrials to Begin Trading on Nasdaq as Independent Company|
CSWI is a diversified industrial growth company with well-established, scalable platforms and deep domain expertise across three segments: Industrial Products; Coatings, Sealants & Adhesives; and Specialty Chemicals.
The members of the CSWI senior management team are
"With today's consummation of our previously-announced spin-off transaction,
CSWC completed the tax-free spin-off of CSWI (the "Share Distribution") through a pro-rata distribution of CSWI's common stock to CSWC shareholders of record as of the close of business on
Prior to the Share Distribution, CSWC and CSWI entered into a distribution agreement, a tax matters agreement, an employee matters agreement and various other agreements related to the Share Distribution, as described in CSWI's final information statement. CSWI's final information statement was sent to CSWC shareholders and can be found on CSWI's website at www.cswindustrials.com under the Investors section as well as additional information regarding the Share Distribution.
CSWI is a diversified industrial growth company with well-established, scalable platforms and deep domain expertise across three segments: Industrial Products; Coatings, Sealants & Adhesives; and Specialty Chemicals. CSWI's broad portfolio of leading products provides performance optimizing solutions to its customers. CSWI's products include mechanical products for heating, ventilation and air conditioning ("HVAC") and refrigeration applications, coatings and sealants and high performance specialty lubricants. Markets that CSWI serves include plumbing, HVAC, refrigeration, electrical, commercial construction, rail car and locomotive, oil and gas, mining, steel, transportation and general industrial markets.
Notice Regarding Forward-Looking Statements
This press release contains forward-looking statements that are based on management's current expectations, assumptions and beliefs. Forward-looking statements can often be identified by words such as "will" and similar expressions, and variations or negatives of these words. These forward-looking statements include, but are not limited to, statements regarding the trading of CSWI's common stock and the operation of CSWI following the Share Distribution. They are not guarantees of future results and are subject to risks, uncertainties and assumptions that could cause actual results to differ materially from those expressed in any forward-looking statement.
Readers should not place undue reliance on any forward-looking statements and are encouraged to review CSWI's final information statement and CSWI's Form 10 registration statement, filed with the
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