Schmitt Industries Completes Sale of SBS Business Line for $10.5 Million
In conjunction with the sale,
Schmitt will allocate net proceeds among organic investment opportunities, acquisitions, and capital returns to shareholders based on expected return on invested capital.
This document may contain forward-looking statements made pursuant to the Private Securities Litigation Reform Act of 1995. These statements are not guarantees of future performance and involve risks and uncertainties that are difficult to predict. Actual outcomes and results may differ materially from what is expressed or forecasted in such forward-looking statements due to numerous factors. A complete discussion of the risks and uncertainties that may affect Schmitt’s business, including the business of its subsidiary, is included in “Risk Factors” in the Company’s most recent Annual Report on Form 10-K as filed by the Company with the
For further information regarding risks and uncertainties associated with the Company’s business, please refer to Schmitt’s
The forward-looking statements in this release speak only as of the date on which they were made, and the Company does not undertake any obligation to update any forward-looking statement to reflect events or circumstances after the date of this release, or for changes to this document made by wire services or internet service providers.
|For more information contact:||Michael R. Zapata, Chairman and Chief Executive Officer
(503) 227-7908 or visit our web site at www.schmitt-ind.com
Source: Schmitt Industries, Inc.