CFM Corp. sells water dispensing assets to focus on UV business

Completes a sale of certain assets related to the water dispensing, ozone water purification, ice making, and air circulation and purification business. The aggregate proceeds of the sale were US$6.38 million, paid partly in cash and partly by the assumption of liabilities. The buyer was not disclosed...

MISSISSAUGA, Ontario, Canada, Feb. 10, 2005 (BUSINESS WIRE) -- CFM Corp., in connection with its long-term strategic plan, completed a sale of certain assets related to the water dispensing, ozone water purification, ice making, and air circulation and purification business.

The company will continue to operate its water business with respect to ultraviolet water purification and filtration appliances and products. The aggregate proceeds of the sale were US$6.38 million, paid partly in cash and partly by the assumption of liabilities. The buyer was not disclosed.

CFM (www.cfmcorp.com) is a leading integrated manufacturer of home products and related accessories in North America and the United Kingdom. CFM designs, develops, manufactures and distributes a line of hearth and space heating products, barbecue and outdoor products and water and air purification products. CFM maintains an ongoing program of research and development aimed at continually improving the quality, design, features and efficiency of its products.

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