DALLAS, TEXAS . . . December 28, 2012 . . . CompX International Inc. (NYSE MKT: CIX) announced today that on December 28, 2012 it completed the sale of its Furniture Components operations, conducted at its facilities in Kitchener, Ontario, Canada and Taipei, Taiwan, to Knape & Vogt Manufacturing Company for approximately $59 million in cash. Out of consolidated sales of $110.2 million for CompX for the nine month period ended September 30, 2012, Furniture Components represented $46.4 million in sales.
CompX is a leading manufacturer of security products and performance marine components.
Source: CompX International Inc.
Contact: David A. Bowers, President & CEO, 864-286-1122
HUG#1667568
distributed by |