WD-40 Company Announces Divestiture of X-14®, and Carpet Fresh® Brands
WD-40 Company Announces Divestiture of X-14®, and Carpet Fresh® Brands
WD-40 Company (NASDAQ: WDFC) today announced that it has completed the divestiture of the X-14® and Carpet Fresh® brands to Malco Products, Inc.
“The decision to divest these brands reflects our continued focus on allocating our time, talent and resources to the opportunities we believe will drive the greatest long-term growth and value creation, particularly across our maintenance products,” said Steve Brass, WD-40 Company’s president and chief executive officer.
WD-40 Company will work closely with Malco Products, Inc. to help facilitate a seamless transition. D.A. Davidson served as the Company's financial advisor in connection with the transaction. Terms of the transaction were not disclosed.
About WD-40 Company
WD-40 Company is a global marketing organization dedicated to creating positive lasting memories by developing and selling products that solve problems in workshops, factories, and homes around the world. The Company owns a wide range of well-known brands that include maintenance products and homecare and cleaning products: WD-40® Multi-Use Product, WD-40 Specialist®, 3-IN-ONE®, GT85®, 2000 Flushes®, no vac®, Spot Shot®, Lava®, and Solvol®.
Headquartered in San Diego, California, USA, WD-40 Company recorded net sales of $688.0 million in fiscal year 2026 and its products are currently available in more than 176 countries and territories worldwide. WD-40 Company is traded on the NASDAQ Global Select Market under the ticker symbol “WDFC.” For additional information about WD-40 Company please visit http://www.wd40company.com.
Media and Investor Contact:
Wendy Kelley
Vice President, Stakeholder and Investor Engagement
investorrelations@wd40.com
+1-619-275-9304
View source version on businesswire.com: https://www.businesswire.com/news/home/20261102948338/en/
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