KATY INDUSTRIES, INC.
ANNOUNCES
SALES
OF
ITS
UNITED
KINGDOM
PLASTICS
BUSINESS
ARLINGTON
,
VA
–
November
27,
2006
–
Katy
Industries,
Inc.
(NYSE:
KT)
today
announced
that
it
has
sold
its
United
Kingdom
consumer
plastics
business
to
Jardin
International
Holding
BV
.
The
United
Kingdom
consumer
plastics
business
of
Katy
manufactures
and
distributes
a
variety
of
home
and
consumer
storage
products
principally
under
the
CONTICO
brand
name.
These
products
are
sold
through
major
home
improvement
and
mass
market
retail
outlets.
The
operations
are
located
in
Southwestern
England
.
Katy’s
commercial
plastics
business
in
the
UK
is
not
involved
in
the
transaction
and
remains
a
part
of
Katy’s
core
commercial
operations.
“This
transaction
allows
Katy
to
dedicate
more
management
focus
on
its
core
businesses,”
said
Anthony
T.
Castor
III,
President
and
Chief
Executive
Officer
of
Katy
Industries.
“We
now
look
forward
to
enhancing
the
value
of
our
businesses
that
sell
into
commercial
distribution
and
our
electrical
business
units.”
This
press
release
may
contain
various
forward-looking
statements.
The
forward-looking
statements
are
based
on
the
beliefs
of
Katy’s
management,
as
well
as
assumptions
made
by,
and
information
currently
available
to,
the
company’s
management.
Additionally,
the
forward-looking
statements
are
based
on
Katy’s
current
expectations
and
projections
about
future
events
and
trends
affecting
the
financial
condition
of
its
business.
The
forward-looking
statements
are
subject
to
risks
and
uncertainties,
detailed
from
time
to
time
in
Katy’s
filings
with
the
SEC,
that
may
lead
to
results
that
differ
materially
from
those
expressed
in
any
forward-looking
statement
made
by
the
company
or
on
it
behalf.
Katy
undertakes
no
obligation
to
revise
or
update
such
statements
to
reflect
current
events
or
circumstances
after
the
date
hereof
or
to
reflect
the
occurrence
of
unanticipated
events.
Katy
Industries,
Inc.
is
a
diversified
corporation
with
interests
primarily
in
Maintenance
Products
and
Electrical
Products.
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