DALLAS, Oct. 1, 2015 (GLOBE NEWSWIRE) — CSW Industrials, Inc. (Nasdaq:CSWI) (“CSWI”) announced the successful completion of its spin-off from Capital Southwest Corporation (Nasdaq:CSWC) (“CSWC”). Starting today, CSWI will begin “regular way” trading on the Nasdaq Stock Market under the ticker symbol “CSWI.”
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 Joseph B. Armes, Chief Executive Officer, Christopher J. Mudd, President and Chief Operating Officer, and Kelly Tacke, Chief Financial Officer.
“With today’s consummation of our previously-announced spin-off transaction, CSW Industrials can now focus on growing free cash flow as a standalone industrial growth company,” said Mr. Armes. “With market-leading industrial brands across our three business segments: Industrial Products; Coatings, Sealants & Adhesives; and Specialty Chemicals, our shareholders should benefit from our status as an independent publicly traded company. We are committed to continuing our legacy of building long-term sustainable value for our shareholders.”
DALLAS, Oct. 01, 2015 (GLOBE NEWSWIRE) — Capital Southwest Corporation (Nasdaq:CSWC) (“CSWC”) announced that it completed its previously announced spin-off of CSW Industrials, Inc. (Nasdaq:CSWI) (“CSWI”). Starting today, CSWI will begin “regular way” trading on the Nasdaq Stock Market under the ticker symbol “CSWI.” Shares of CSWC’s common stock will continue to trade on the Nasdaq Stock Market under the ticker symbol “CSWC.”
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 September 18, 2015 (the “Record Date”). CSWC shareholders received one share of CSWI common stock for every one share of CSWC common stock held on the Record Date.
Houston–RectorSeal® Corp., a leading manufacturer of quality plumbing and HVAC/R products, introduces SureSeal® Vent-Guard, the industry’s first plumbing vent stack device for eliminating toxic sewer gas and odor egress and migration to nearby rooftop HVAC system outdoor air intakes.
The patent-pending Vent-Guard is available in three sizes designed to fit 2, 3, and 4-inch-diameter (I.D.) commercial building plumbing vent stacks and restaurant grease interceptor vents.
The Vent-Guard introduces outdoor air via its sturdy, non-mechanical hinged flapper that automatically opens during vacuum occurrences caused by a vent stack pressure imbalances events, such as toilet flushes. Otherwise, the flapper remains tightly sealed during a vent stack’s routine state of neutral pressure. The closed flapper eliminates heavier-than-air gas and odors from escaping the vent stack and traversing the roof where they can infiltrate nearby HVAC systems outdoor air intakes and potentially contaminate the building’s indoor air quality (IAQ) efforts. Sewer gas is a dangerous threat to public health and believed to cause and spread deadly diseases, such as SARS and Legionnaires’ Disease.
The maintenance-free SureSeal Vent-Guard is constructed of sturdy EPDM rubber. The Vent-Guard top is infused with carbon black that is resistant to ultraviolet (UV) light. It is a quick, easy and inexpensive alternative to charcoal filter vent stack attachments that require periodic cleaning and replacement.
Vent-Guard’s unique design allows airflow in and eliminates insect, animal, inclement weather, bird nesting infiltration. Installing Vent-Guard requires a quick and easy push-fit into the vent stack opening. Removal is equally quick and easy.
Vent-Guard is the second of many future introductions to the SureSeal product line, which originated with ASSE-1072-certified SureSeal waterless floor drain trap seals that are now manufactured and distributed by RectorSeal since acquiring the SureSeal brand in 2014.
Other Vent-Guard features are:
For more information on RectorSeal or its products, please visit www.rectorseal.com, call (800) 231-3345 or email firstname.lastname@example.org.
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