Trex Company announced the sale of substantially all of the assets of its wholly-owned subsidiary, Trex Commercial Products to Minnesota-based Sightline Commercial Solutions. The details of this transaction will be filed in Trex’s Current Report on Form 8-K with the U.S. Securities and Exchange Commission. The sale of Trex Commercial’s assets closed on December 30, 2022. For the nine months ended September 30, 2022, the Trex Commercial segment had sales of $35.1M, 3.8% of the Company’s consolidated net sales, and incurred a net loss of $2.4M.
Published first on TheFly
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