Burnham Holdings, Inc. Announces Major Strategic Initiatives [Yahoo! Finance]
BURNHAM HLDGS INC A (BURCA)
NASDAQ:AMEX Investor Relations:
burnhamholdings.com
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Source: Yahoo! Finance
Strengthens financial position and further advances BHI's priorities of portfolio optimization and simplification LANCASTER, Pa. Dec. 31, 2025 /PRNewswire/ -- Burnham Holdings, Inc. (BHI), parent company to leading manufacturers of boilers and related HVAC products and accessories, announced the continuation of its strategic initiatives intended to refocus its boiler business. As part of these initiatives, BHI has funded and divested a majority (substantial portion) of its subsidiaries' legacy asbestos liabilities by selling certain of its subsidiaries with legacy liabilities (Legacy Subs) to Burnham Industries, LLC (BI), an affiliate of FARA Burnham Holdings LLC (FARA). BI and FARA are not affiliated with BHI. Divestiture Under the terms of the agreement, the Legacy Subs will be capitalized with cash, real estate and certain insurance related to these legacy liabilities. BI will assume full responsibility for managing the Legacy Subs, which will continue to resolve their current
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News
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