U.S. Industries Inc. has reached an agreement with its lenders on the terms of a comprehensive restructuring plan of its bank debt and the bank debt of Rexair Inc., which is guaranteed by U.S. Industries. The company said it is accepting bids from potential purchasers of its businesses outside its core bath and plumbing operations, and expects to evaluate competing offers and determine a course of action that would maximize value.
Did you enjoy this article? Click here to subscribe to Plumbing & Mechanical. Stay connected with us via social media.
As electronics continue to become smaller, faster, and more affordable, more and more contractors are investing in fleet-management solutions that help reduce their technicians’ time on the road, improve productivity, save gas, and protect these major assets from misuse or theft. Read more stories in 2017 April Issue.