CLC Clarcor Inc. (delisted)

CLARCOR to Relocate Corporate Headquarters ROCKFORD, Ill., Jan. 8 /PRNewswire-FirstCall/ -- CLARCOR Inc. today announced that it will relocate its corporate headquarters to Nashville, Tennessee. The move is expected to take place over the next six to 12 months. Norm Johnson, CLARCOR's Chairman and Chief Executive Officer, said, "Over the last 20 years, we have grown from a small packaging company to a large, multi-national corporation focused on the filtration industry, and with operations throughout the United States and in 13 countries around the world. Nashville was one of several cities we considered in addition to remaining in Rockford, IL. Nashville offers CLARCOR a central U.S. location with a professional, well-educated workforce, major colleges and universities, and close access to a large, international airport. Nashville is centrally located to our principal operating facilities in Kentucky, Indiana, Illinois, Michigan, Ohio, North Carolina, Nebraska and Pennsylvania, and offers our employees a good quality of life and a positive business climate. "The growth of CLARCOR from a company with sales of less than $175 million in 1983 to nearly $750 million in 2003 and a current market capitalization of over $1 billion led us to evaluate, over the last several years, where the best location for our headquarters should be. We do not plan to move our remaining facilities in Rockford which currently employ over 400 people in three manufacturing plants." CLARCOR is based in Rockford, Illinois, 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. The statements in this release concerning the Company's sales, earnings, business performance and prospects are forward-looking statements that involve significant risks and uncertainties, including the effect of changes in product demand, availability of labor, price and product competition, raw material costs, energy prices, productivity improvement and plant consolidation programs, distribution channels, acquisitions and divestitures, general economic conditions in both domestic and foreign markets, interest rates, currency fluctuations, the success of our Total Filtration Program, the success of sales and marketing programs and other factors discussed in filings made with the Securities and Exchange Commission. DATASOURCE: CLARCOR Inc. CONTACT: Norman E. Johnson, Chairman & Chief Executive Officer, of CLARCOR, +1-815-962-8867

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