CLARCOR Completes Acquisition of Stanadyne Filtration Business
01 Mai 2014 - 10:28PM
Business Wire
CLARCOR Inc. (NYSE: CLC) today announced that it has
completed the acquisition of the filtration business of Stanadyne
Corporation, a transaction that was announced on Monday, April 28,
2014. The acquisition is expected to be accretive to CLARCOR’s 2014
earnings, and the business’ results will be included as part of
CLARCOR’s Engine/Mobile Filtration segment.
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.
Forward-Looking Statements
This press release contains forward-looking statements within
the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended. All statements made in this press release other than
statements of historical fact, are forward-looking statements.
These forward-looking statements may include, among other things,
statements and assumptions relating to the anticipated economic
impact of the acquisition on the Company’s 2014 earnings. The
Company believes that its expectations are based on reasonable
assumptions. However, these forward-looking statements involve
known and unknown risks, uncertainties and other important factors
that could cause the Company’s actual results, performance or
achievements, or industry results, to differ materially from the
Company’s expectations of future results, performance or
achievements expressed or implied by these forward-looking
statements. These risks include the failure to realize the economic
and strategic benefits of the transaction. In addition, the
Company’s past results of operations do not necessarily indicate
its future results. The Company’s future results may differ
materially from the Company’s past results as a result of various
risks and uncertainties, including the risk factors discussed in
the “Risk Factors” section of the Company’s 2013 Form 10-K and
other risk factors detailed from time to time in the Company’s
filings with the Securities and Exchange Commission. You should not
place undue reliance on any forward-looking statements. These
statements speak only as of the date of this press release. Except
as otherwise required by applicable laws, the Company undertakes no
obligation to publicly update or revise any forward-looking
statements or the risk factors described in this press release,
whether as a result of new information, future events, changed
circumstances or any other reason after the date of this press
release.
CLARCOR Inc.David J. Fallon, 615-771-3100Vice President - Chief
Financial Officer
Clarcor (NYSE:CLC)
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