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Trex Company, Inc. has sold its subsidiary, Trex Commercial Products, Inc., to Minnesota-based Sightline Commercial Solutions, LLC. to focus on its outdoor living segment.
“The divestiture of the Trex Commercial segment reflects our decision to focus on driving the most profitable growth strategy for Trex and its shareholders through the execution of our outdoor living strategy. With the sale complete, we will dedicate our resources to accelerating conversion to composites from wood and further strengthen our leadership position in the outdoor living category,” said Bryan Fairbanks, president and CEO.
The sale of Trex Commercial’s assets closed on December 30, 2022. For the nine months ended September 30, 2022, the Trex Commercial segment had sales of $35.1 million, 3.8 percent of the company’s consolidated net sales, and incurred a net loss of $2.4 million.