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