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November 2, 2007

Katy Industries to Sell Electrical Products Group

Katy Industries, Inc., Arlington, VA, has agreed to sell its Electrical Products Group, comprised of Woods Industries Inc. and Woods Industries (Canada) Inc., to Coleman Cable Inc. for $45 million.
 
The Group designs and distributes consumer electrical corded products and electrical accessories that are sold to national home improvement and mass merchant retailers. The operations are in Indianapolis, IN, and Toronto, Ontario.
 
"This transaction will move Katy to a single-business model which will allow the organization to further focus its resources on our core business, Continental Commercial Products, which services the janitorial/sanitary and food service markets," said Anthony T. Castor III, president and CEO of Katy Industries.
 
After the sale of the Electrical Products Group, Katy will be focused on the manufacturing and distribution of commercial cleaning products as well as consumer home products.

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