NEW HAVEN, Conn. -- Proliance International has reached a definitive agreement with its insurance company settling all damage claims resulting from tornadoes on Feb. 5 that destroyed the company’s leased distribution facility in Southaven, Miss., and required relocation to a new facility.

The insurer agreed to pay Proliance $15.3 million by Aug. 15, in addition to the $36.7 million paid to date, for a total settlement of $52 million. The total amount is within the range the company sought for lost inventory and equipment, and actual and anticipated business interruption and extra expenses.

“Proliance is pleased to place the events associated with the Southaven tornadoes and the distractions caused by the insurance recovery effort behind us,” said Charles Johnson, president and CEO.

Southaven was the company’s central distribution center for its domestic automotive and light truck heat exchange inventory. Earlier this month, Proliance moved into a new, permanent replacement facility, also in Southaven.