NEW HAVEN, CT -- Proliance International has joined the Russell Microcap Index, following the completion of Russell's annual reconstitution of its family of U.S. indices on June 30.

Russell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for both passive and active investment strategies. An industry-leading $3.8 trillion in assets are currently benchmarked to all of the Russell indexes. Investment managers who oversee these funds purchase shares of member stocks according to that company's weighting in the particular index.

"We are pleased to be added to the Russell Microcap Index," said Charles Johnson, president and chief executive officer of Proliance. "The selection of Proliance reflects Russell's recognition of our increased scale and public profile that resulted from our merger with Modine Aftermarket Holdings last year. We welcome inclusion in this index as we believe it will increase our visibility with investors and institutions that rely on the Russell indexes as part of their investment strategy."

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