CSW Industrials Closes $313.5M Acquisition of Aspen Manufacturing

CSW Industrials, through its subsidiary RectorSeal, completed the acquisition of Aspen Manufacturing, LLC on May 1, 2025. The cash purchase price was $313.5 million, subject to customary adjustments, with $8 million held in escrow. Aspen survives as a wholly owned subsidiary of RectorSeal.

“On May 1, 2025, pursuant to the terms of the Merger Agreement, Merger Sub merged with and into Aspen, with Aspen surviving the merger as a wholly owned subsidiary of RectorSeal (the “Merger”). At the effective time of the Merger, each outstanding unit of equity in Aspen was cancelled and converted into the right to receive a portion of the cash purchase price of $313.5 million, subject to customary adjustments, including, among others, in respect of indebtedness and working capital of Aspen.”

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