Metalclad Sells 1 Million Shares
Metalclad Corp., the Anaheim-based supplier of industrial insulation and asbestos-abatement services, has sold 1 million shares of common stock to Grant S. Kesler.
The sale provides the company with $1.25 million to reduce debt and for working capital. Metalclad also granted a five-year option to Kesler for the purchase of an additional 250,000 shares of company stock.
Kesler, president of Merchant House Financial Services Corp. of Santa Ana, a firm that specializes in providing expansion capital to growing companies, was also named to Metalclad’s board of directors.
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.
