Layne Christensen Sells Solmetex Division, No Terms Disclosed

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Layne Christensen Company
LAYN
("Layne" or the "Company") today announced that on July 31, 2013 it sold all of the assets of its SolmeteX division to Gemini Investors, Riveria Investment Group and the management team of the SolmeteX division. Terms of the transaction were not disclosed. SolmeteX is a leading provider of dental amalgam separator devices and amalgam recycling services to the dental industry. Layne intends to use the proceeds from this sale to reduce outstanding debt.
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