Zurn Elkay Water Solutions Corporation Announces Divestiture
Zurn Elkay Water Solutions Corporation (“Zurn Elkay”) (NYSE: ZWS) announced that it divested four wholly-owned subsidiaries that hold asbestos liabilities and related assets and certain other assets and liabilities, to Zilco Holdings, Inc. (“Zilco Holdings”).
- Zurn Elkay Water Solutions Corporation (“Zurn Elkay”) (NYSE: ZWS) announced that it divested four wholly-owned subsidiaries that hold asbestos liabilities and related assets and certain other assets and liabilities, to Zilco Holdings, Inc. (“Zilco Holdings”).
- The four divested subsidiaries are Zurn Industries, LLC, OEI, LLC, OEP, LLC and Krikles, Inc.
As a result of the divestiture, all asbestos liabilities and related insurance assets will not be included in Zurn Elkay’s consolidated year-end 2023 balance sheet. - Existing employees, customers and vendors of Zurn Elkay will experience no change in their business interactions with Zurn Elkay as a result of the divestiture.