STR Holdings Sells Quality-Assurance Segment To UL

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STR Holdings Inc., a provider of encapsulants for the photovoltaic module industry, says it has closed on the sale of its quality assurance (QA) business to Underwriters Laboratories (UL) for $275 million in cash, plus approximately $8 million of cash assumed.

‘This transaction greatly improves our financial flexibility and our management's ability to focus on and pursue our growth strategies in solar,’ says Dennis L. Jilot, chairman, president and CEO of STR Holdings.

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