CLARCOR Completes Acquisition of United EFP
15 September 2004 - 9:40PM
PR Newswire (US)
CLARCOR Completes Acquisition of United EFP FRANKLIN, Tenn., Sept.
15 /PRNewswire-FirstCall/ -- CLARCOR Inc. (NYSE:CLC) today
announced that it has completed its acquisition of the filter
operations of United EFP, a privately-owned manufacturer of woven
wire and metallic screening and filtration products for the plastic
and polymer fiber industries. United EFP operates through two
manufacturing facilities in Houston, Texas and Shelby, North
Carolina. United EFP will be renamed Purolator EFP and will operate
as a member of CLARCOR's Purolator Advanced Filtration Group, in
the CLARCOR Industrial/Environmental 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.
United EFP, based in Tulsa, Oklahoma, provides solutions for the
polymer extrusion process industry, from off-the-shelf products to
customized fabricated products. Further information on the company
and its products is available on the United EFP website at
http://www.unitedefp.com/ . 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 of the Board and Chief
Executive Officer of CLARCOR Inc., +1-615-771-3100 Web site:
http://www.unitedefp.com/
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