DETREX CORPORATION - (DTRX:PK) Contact: Thomas E. Mark
Phone: (248) 358-5800 FAX: (248) 799-7192

 

January 4, 2011

PRESS RELEASE

Detrex Corporation Announces Departure of Chief Financial Officer

Southfield, Michigan – January 4, 2011 - Detrex Corporation (DTRX.PK), a diversified manufacturer of PVC and CPVC pipe, duct and shapes and specialty chemicals including additives for industrial petroleum products and high purity hydrochloric acid, today announced that its Chief Financial Officer and Treasurer, Steve Quinlan, resigned effective December 31, 2010 to accept a position with a new employer.

“We thank Steve for the contributions that he has made to Detrex during his many years of service,” said Thomas E. Mark, President and CEO. “He has helped to guide us through both challenges and opportunities, and leaves the Company with profitable operations. For the present, Steve’s responsibilities will be redistributed within the Company. We wish him the best in his future endeavors.”

Statements included in this press release that are not historical in nature are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995 (the “1995 Act”). The words “believe,” “expect,” “anticipate,” “estimate,” “guidance,” “target” and similar expressions identify forward-looking statements. The Company cautions readers that forward-looking statements are subject to certain risks and uncertainties, which could cause actual results to differ materially from those projected in the forward-looking statements. Certain risks and uncertainties are identified from time to time in the Company’s reports. Some factors that could cause results to differ materially from those projected in the forward-looking statements include: market conditions, environmental remediation costs, pension expense and funding requirements, liquidation value of assets, and marketability of real estate and the market value and future liquidity of Detrex stock. The Company claims the protection of the safe harbor for forward-looking statements contained in the 1995 Act.

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