CSW Industrials to Acquire Aspen Manufacturing for $313.5 Million

CSW Industrials announced a definitive agreement to acquire Aspen Manufacturing, a major independent manufacturer of evaporator coils and air handlers, for approximately $313.5 million in cash. The acquisition is expected to expand CSWI's HVAC/R product portfolio and leverage existing distribution channels.

“CSW Industrials, Inc. (Nasdaq: CSWI) and Aspen Manufacturing announced today the execution of a definitive agreement under which CSWI will acquire Aspen Manufacturing for approximately $313.5 million in cash, subject to customary post-closing adjustments.”

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.