Detrex Corporation (Pink Sheets: DTRX) today announced that it will pay
a special dividend of $1.00 per share payable December 17, 2012 to
shareholders of record as of the close of business December 7, 2012.
“We believe that our solid financial and operational condition merits a
special dividend,” said Detrex President and CEO Tom Mark. “In addition
to providing special and quarterly dividends, we are continuing to
investigate strategic opportunities to enhance shareholder value.”
About Detrex Corporation
Founded in 1925, Detrex Corporation is a manufacturer of specialty
chemical products for the global industrial manufacturing markets
through its subsidiary The Elco Corporation. Elco is a leading
manufacturer of high performance specialty chemicals including additives
for industrial petroleum products and high purity hydrochloric acid.
Forward Looking Statements
Statements included in this press release that are not historical in
nature are “forward-looking statements” within the meaning of the
Private Securities Litigation Reform Act of 1995 (the “1995 Act”). The
words “believe,” “expect,” “anticipate,” “estimate,” “guidance,”
“target” and similar expressions identify forward-looking statements.
The Company cautions readers that forward-looking statements are subject
to certain risks and uncertainties, which could cause actual results to
differ materially from those projected in the forward-looking
statements. Certain risks and uncertainties are identified from time to
time in the Company’s reports. Some factors that could cause results to
differ materially from those projected in the forward-looking statements
include: market conditions, environmental remediation costs, pension
expense and funding requirements, liquidation value of assets, and
marketability of real estate and the market value and future liquidity
of Detrex stock. The Company claims the protection of the safe harbor
for forward-looking statements contained in the 1995 Act.