CLC Clarcor Inc. (delisted)

CLARCOR Inc. (NYSE: CLC) has purchased one of its suppliers of filtration media, TransWeb, LLC (“Transweb”). Founded in 1996 and based in Vineland, New Jersey, Transweb is a manufacturer and supplier of media used in a variety of end-market applications, including respirators and heating, ventilation and air conditioning filters. The terms of the transaction, which closed on December 29, 2010, have not been publicly disclosed.

Norm Johnson, CLARCOR’s Chairman and Chief Executive Officer, commented, “We are excited about our acquisition of Transweb, a company that has supplied technologically advanced products to CLARCOR for several years, and the opportunities that this presents for both companies. We believe that Transweb adds significantly to our technological capabilities and offers outstanding opportunities to enhance the product offerings of many of our filtration operating companies. We also believe that Transweb will benefit from the growth opportunities and financial support presented by an affiliation with a company such as CLARCOR. We have been interested in taking an ownership position in Transweb for some time, and were grateful when the opportunity to do so on attractive terms presented itself.”

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.

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