NCH To Sell Assets of a Subsidiary.Business Editors DALLAS--(BUSINESS WIRE)--Aug. 25, 2000 NCH CORPORATION NCH Corporation is a major international marketer of maintenance products, and one of the largest companies in the world to sell such products through direct marketing. NCH's products include specialty chemicals, fasteners, welding supplies, and electronic and plumbing parts. (NYSE NYSE See: New York Stock Exchange :NCH NCH National Coalition for the Homeless NCH National Coalition for History NCH National Council for Hypnotherapy (UK) NCH National Center for Homeopathy NCH Notched NCH National Claims History NCH Nielsen Clearing House ). NCH Corporation announced today that it has entered into an agreement to sell the assets of its subsidiary, N-E Thing Supply Company Inc. to Maintenance Warehouse, a Home Depot Company. N-E Thing sells repair and maintenance products to apartment complexes. The transaction is expected to close September 30. Financial results for N-E Thing were reported in the Other Product Lines Segment. Operating results for prior periods will not be restated to exclude N-E Thing. This news release contains certain forward-looking statements which NCH Corporation is making in reliance on the safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. provisions of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. Investors are cautioned that all forward-looking statements involve risks and uncertainties, and that NCH Corporation's actual results may differ materially from the disclosure above. Factors that could cause or contribute to such difference include, but are not limited to, the satisfaction of the conditions to closing of the transaction. |
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