CSW Industrials evaluates strategic alternatives for coatings business, classifies Strathmore Products as discontinued operations

CSW Industrials announced it is evaluating strategic alternatives for its coatings business and has classified the Strathmore Products business as discontinued operations effective December 31, 2017. The company consolidated its remaining operations into two segments: Industrial Products and Specialty Chemicals.

“On February 8, 2018, CSW Industrials, Inc., a Delaware corporation (the “Company”), announced that it has engaged in a process to evaluate strategic alternatives for its coatings business and, effective December 31, 2017, has classified the assets, liabilities, and results of operations for the Strathmore Products business (the “Coatings business”) as “discontinued operations”.”

Signals are extracted from public coverage and print archives and pinned to a verbatim quote, presented as reported by their sources; naming a company in a signal is not an accusation against it. The verified mark denotes a high-confidence, corroborated signal. See our methodology and legal notes.