VALHI, INC. COMPLETES SALE OF WASTE CONTROL SPECIALISTS LLC
January 26 2018 - 04:16PM
DALLAS, TEXAS . . . January 26, 2018 . . . Valhi,
Inc. (NYSE: VHI) announced today that it has completed the
sale of its Waste Control Specialists LLC subsidiary ("WCS") to
JFL-WCS Partners, LLC ("JFL Partners"), an entity sponsored by
certain investment affiliates of J.F. Lehman & Company,
for consideration consisting of the assumption of all of WCS'
third-party indebtedness and other liabilities. Additionally,
all financial assurance obligations related to the WCS business,
previously provided in part by Valhi and certain of its
affiliates, have been assumed by WCS or one or more of its
new affiliates.
Valhi, Inc. is engaged in the titanium dioxide
products, component products (security products and recreational
marine components) and real estate management and development
industries.
* * * * *
SOURCE: Valhi, Inc.
CONTACT: Janet G. Keckeisen, Vice President - Corporate
Strategy and Investor Relations, 972 233-1700
This
announcement is distributed by Nasdaq Corporate Solutions on behalf
of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: Valhi, Inc. via Globenewswire
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