B/E Aerospace, Inc. Completes Spin-off of KLX Inc.

WELLINGTON, Fla.--(BUSINESS WIRE)--B/E Aerospace, Inc. (“B/E Aerospace”) (NASDAQ: BEAV), the world’s leading manufacturer of aircraft cabin interior products, today announced that it has completed the previously announced spin-off of KLX Inc. ("KLX") (NASDAQ: KLXI) from B/E Aerospace. At 11:59 p.m. Eastern time on December 16, 2014, B/E Aerospace distributed all outstanding shares of KLX common stock to B/E Aerospace shareholders at a distribution ratio of one share of KLX common stock for every two shares of B/E Aerospace common stock held on the December 5, 2014 record date.