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Operator
Good morning. My name is Kensey, and I will be your conference operator today. At this time, I would like to welcome everyone to Tennant Company s 2020 Fourth Quarter and Full Year Earnings Conference Call. [Operator Instructions]
Thank you for participating in Tennant Company s 2020 Fourth Quarter and Full Year Earnings Conference Call. Beginning today s meeting is Mr. William Prate, Senior Director of Global Financial Planning and Analysis and Investor Relations for Tennant Company. Mr. Prate, you may begin.
William Prate
Senior Director, Investor Relations
Thank you, Kensey. Good morning, everyone, and welcome to Tennant Company s fourth quarter 2020 earnings conference call. I m William Prate, Senior Director of Global Financial Planning and Analysis and Investor Relations. Joining me today are Chris Killingstad, Tennant s President and CEO; Tom Paulson, our Interim CFO; and Dave Huml, our Chief Operating Officer.
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Press release content from Business Wire. The AP news staff was not involved in its creation.
Tennant Company Completes Sale of Coatings Business
February 2, 2021 GMT
MINNEAPOLIS (BUSINESS WIRE) Feb 2, 2021
Tennant Company (“Tennant”) (NYSE: TNC), a world leader in the design, manufacture and marketing of solutions that help create a cleaner, safer, healthier world, today announced the Company has completed a sale of its coatings business, Tennant Coatings, to The Sherwin-Williams Company (NYSE: SHW).
“The sale of Tennant’s coatings business is our latest move in the ongoing implementation of our enterprise strategy specifically, winning where we have competitive advantage,” said Tennant CEO Chris Killingstad. “By divesting a business that is not central to our core strengths in industrial and commercial floor cleaning, we can redirect resources toward more strategic and profitable activities.”