RectorSeal, a Capital Southwest Corporation Portfolio
Company, Acquires Assets of Resource Conservation
The RectorSeal Corporation, a
leading Houston, Texas-based manufacturer of chemical and specialty
products for professional tradesmen, has acquired certain assets of
Resource Conservation Technologies (RCT), a Sarasota, Florida based
manufacturer of HVAC/R products. RectorSeal has been a portfolio
company of Capital Southwest Corporation (Nasdaq:CSWC) since 1967.
The acquisition of RCT's assets represents the 25th acquisition by
RectorSeal since 1991. "The RCT transaction is another example of RectorSeal's demonstrated
ability to identify and acquire highly complementary products," said
Joseph B. Armes, President and Chief Executive Officer of Capital
Southwest. "This product line readily integrates into RectorSeal's
established distribution system and will enhance shareholder value."
RCT manufactures condensation sensor and drainage equipment for heating
and air conditioning systems.
"We view RCT as a fast-growing company with unique products that will
expand the breadth of RectorSeal's HVAC/R offerings, especially in the
condensate management niche, which is an important part of our existing
product offerings," said David Smith, President of RectorSeal.