WD-40 Company Announces Divestiture of X-14®, and Carpet Fresh® Brands
WD-40 says the divestiture supports its focus on long-term growth opportunities, particularly in maintenance products.
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“The decision to divest these brands reflects our continued focus on allocating our time, talent and resources to the opportunities we believe will drive the greatest long-term growth and value creation, particularly across our maintenance products,” said Steve Brass, WD-40 Company’s president and chief executive officer.
WD-40 Company will work closely with Malco Products, Inc. to help facilitate a seamless transition. D.A. Davidson served as the Company's financial advisor in connection with the transaction. Terms of the transaction were not disclosed.
About WD-40 Company
WD-40 Company is a global marketing organization dedicated to creating positive lasting memories by developing and selling products that solve problems in workshops, factories, and homes around the world. The Company owns a wide range of well-known brands that include maintenance products and homecare and cleaning products: WD-40® Multi-Use Product, WD-40 Specialist®, 3-IN-ONE®, GT85®, 2000 Flushes®, no vac®, Spot Shot®, Lava®, and Solvol®.
Headquartered in San Diego, California, USA, WD-40 Company recorded net sales of
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Media and Investor Contact:
Wendy Kelley
Vice President, Stakeholder and Investor Engagement
investorrelations@wd40.com
+1-619-275-9304
Source: WD-40 Company