CLARCOR Completes Acquisition of Martin Kurz & Co., Inc.
02 November 2005 - 5:09PM
Business Wire
CLARCOR Inc. (NYSE: CLC) today announced that it has completed its
acquisition of 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. MKI is based in Mineola, New
York and will operate as a member of CLARCOR's Purolator Advanced
Filtration Group within the CLARCOR Industrial/Environmental
Filtration segment. The terms of the transaction were not
disclosed. The acquisition is expected to be accretive to CLARCOR's
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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