Mace Security International Inc. Sells Arlington, Texas Car Wash -- Security Today

Mace Security International Inc. Sells Arlington, Texas Car Wash

Jan 05, 2011

Mace Security International Inc. has sold another non-security asset, an oil lubrication and self-serve car wash facility located in Arlington, Texas. With the sale, the corporation currently has three remaining owned car washes, two of which are under agreements of sale and an additional car wash under lease.

The sales price for the Arlington, Texas facility was $350,000 with the company netting $279,000 in cash after paying off a related mortgage and closing costs.

“We are pleased to announce this sale in our continued progress in exiting the car wash business. We anticipate a complete exit in Q1-2011,” said Dennis R. Raefield, CEO and president of Mace Security International Inc.

Mace Security International Inc. is a manufacturer of personal defense and electronic surveillance products marketed under the brand name Mace, and the owner and operator of a wholesale central monitoring station.

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