CompX Announces the Completion of the Sale of Thomas Regout26 January 2005
CompX International Inc. (NYSE: CIX) announced today that on January 24, 2005 it completed the sale of its Thomas Regout operations, conducted at its facility in the Netherlands, to
members of Thomas Regout management for approximately $23 million. The
transaction is not expected to have a significant impact on CompX's results of
operations in 2005. As previously announced, CompX recorded a charge of
approximately $14 million in the fourth quarter of 2004 in order to write-down
its investment in Thomas Regout to the then estimated realizable value.
CompX is a leading manufacturer of precision ball bearing slides, security
products and ergonomic computer support systems.
Source: PR Newswire
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