Zurn elkay water solutions corporation announces divestiture

Milwaukee--(business wire)--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 el.
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