CLARCOR Announces Acquisition of Martin Kurz & Co., Inc.
19 Oktober 2005 - 11:00PM
Business Wire
CLARCOR Inc. (NYSE: CLC) today announced that it has entered into a
definitive agreement to acquire Martin Kurz & Co., Inc.
("MKI"), a privately-owned manufacturer of sintered porous metal
laminates used in screening and filtration products for a wide
array of industries, including pharmaceutical, petrochemical,
aerospace, paper and chemical process industries. The company sells
these products under its Dynapore(R) and Foil-Mesh(TM) brands. MKI
is based in Mineola, New York and will operate as a member of
CLARCOR's Purolator Advanced Filtration Group, part of CLARCOR's
Industrial/Environmental Filtration segment. The terms of the
transaction were not disclosed. The acquisition is expected to
close in early November and to be accretive to 2006 earnings.
CLARCOR is based in Franklin, Tennessee, and is a diversified
marketer and manufacturer of mobile, industrial and environmental
filtration products and consumer and industrial packaging products
sold in domestic and international markets. Common shares of the
Company are traded on the New York Stock Exchange under the symbol
CLC. Martin Kurz & Co., Inc. is based in Mineola, New York, and
has been manufacturing high quality diffusion-bonded specialty
materials such as Dynapore(R) sintered wire mesh laminates, porous
powder metals, and Foil-Mesh(TM) since 1970. Further information on
the company and its products is available on the MKI website at
www.mkicorp.com.
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