TS Industries Reports Successful Transaction of 172,500 Warrants

TS Industries Inc., a Huntington Beach maker of sheathing and insulation used in construction, said that it has exercised all of its 172,500 warrants at $12.24 per share. The warrants, which were called on Feb. 25 and expired Tuesday, generated $2.16 million for the company.

The company also said that sales for the first half of its fiscal 1987 ended March 31 are expected to total $27 million, more than double the $13 million reported a year earlier. Company officials declined to estimate profits for the period but said the formal financial report will be released in about six weeks.

In addition, the company said it has opened a new foam-manufacturing facility in Jacksonville, Fla., with an annual production capacity of $20 million.