AirBoss of America Corp. (TSX:BOS) announced an update on its strategic transition, building on its previously announced realignment into two new reportable segments: AirBoss Rubber Solutions and AirBoss Manufactured Products. This transition reflects the Company's focus on its core rubber compounding capabilities and strategic growth opportunities.

In furthering this transition, AirBoss has retained TD Securities Inc. as its financial advisor to assist the Company with its strategic review of various alternatives to create value for shareholders. The alternatives under review by the Company may include, but are not limited to, acquisitions, divestures and various structural and financing options, including the potential monetization of the Company's real estate assets. There can be no assurance that this process will result in the successful completion of any such potential transaction, nor any assurance as to the outcome or timing of the Company's strategic review.

There is no timetable for completion of this process and AirBoss does not intend to comment further unless and until it determines that further disclosure is necessary or appropriate.