S&P 400 MidCap
12.04.2006 22:22:00
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Pentair Acquires Krystil Klear to Complement Existing Filtration Business
Krystil Klear expands Pentair's industrial filtration productoffering to include a broad range of steel and stainless steel housingand filtration solutions. Pentair's filtration business serves theresidential, municipal, commercial, and industrial markets withfiltration housings, cartridge elements, tanks, valves, and otherfiltration system components.
"The bolt-on acquisition of Krystil Klear enhances our presence inthe industrial liquid filtration markets, increases our productportfolio and expands our industrial distribution footprint," saidMichael V. Schrock, president and chief operating officer ofFiltration and Technical Products. "With this acquisition, we furtherstrengthen Pentair's filtration position in a broad array ofindustrial end markets; including paper, food, chemical andpharmaceutical. Pentair's existing filtration cartridges, coupled withKrystil Klear's strength in steel and stainless steel industrialhousings, provides an expanded line of liquid filtration products forour customers."
Krystil Klear is headquartered in Winamac, Indiana and employsapproximately 60 people. In 2005, the company recorded sales ofapproximately $8 million.
About Pentair, Inc.
Pentair (www.pentair.com) is a diversified operating companyheadquartered in Minnesota. Its Water Group is a global leader inproviding innovative products and systems used worldwide in themovement, treatment, storage and enjoyment of water. Pentair'sTechnical Products Group is a leader in the global enclosures market,designing and manufacturing standard, modified, custom and thermalenclosures that house and protect sensitive electronics and electricalcomponents. With 2005 revenues of $2.95 billion, Pentair hasapproximately 15,000 employees worldwide.
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S&P 400 MidCap | 1 854,40 | -0,45% |