HUTCHINSON, Kan. (May 26, 2025) – Superior Holding, Inc. announced that it has divested a wholly owned subsidiary, Superior Boiler Works, LLC, that holds legacy asbestos liabilities and related assets, to Superior Boiler Industries, LLC.
As a result of the divestiture, all asbestos liabilities and related insurance assets are not included in Superior Holding, Inc.’s go-forward financial statements.
Existing employees, customers and vendors of Superior Holding, Inc. will experience no change in their business interactions with Superior Holding, Inc. as a result of the divestiture.
About Superior Holding, Inc. Superior Holding is the parent company of Hutchinson, Kansas-based Superior Boiler Technologies, Inc. and Superior Boiler, LLC. Superior Boiler provides engineered energy solutions and is a leader in clean air emissions technology. The company manufactures industrial boilers for process steam, hot water and waste heat recovery and high-efficiency hot water condensing boilers. In business since 1917, the company’s commitment to unparalleled quality has produced the most dependable boilers available. Superior Boiler employs over 200 people at its Hutchinson locations. For more information, visit superiorboiler.com.
About Superior Boiler Industries, LLC
Superior Boiler Industries, LLC has contracted with Financial Asset Recovery Analytics, LLC (“FARA Recovery”) for claims management and administration. FARA Recovery specializes in the management of asbestos and other legacy liabilities and related corporate assets. FARA Recovery is a leader in solutions for companies holding contingent and legacy liabilities. For more information, please visit www.fararecovery.com.