GOLDEN VALLEY, Minn., Feb. 23 /PRNewswire-FirstCall/ -- Pentair
(NYSE: PNR) today announced that it has acquired the assets of Delta
Environmental Products, Inc., a privately held company, to complement existing
businesses in its Water Group. Delta will become part of Pentair's leading
water and wastewater business, which serves residential, commercial and
municipal markets. Pentair anticipates the acquisition will be accretive to
earnings within the first 12 months of ownership.
Delta offers a full range of wastewater treatment products for the
residential and commercial onsite treatment markets. Pentair's existing pump
businesses manufacture products ranging from light-duty household utility
pumps to massive, high-flow turbine pumps designed for municipal water
applications.
"Delta's product lines -- including its aerobic treatment units ("ATU"),
and recently introduced fixed film technology -- present an attractive growth
opportunity for the pump business as onsite treatment becomes more common,"
said Richard Cathcart, Pentair vice chairman and president of the Water Group.
"The market for safe, effective onsite wastewater disposal is growing rapidly,
as more than 25% of new housing starts use onsite treatment methods." The
acquisition will leverage Pentair's and Delta's existing distribution networks
to provide customers with market-leading solutions.
Founded in 1985, Delta is a respected leader in wastewater systems
research, development and manufacturing. The company is based in Denham
Springs, Louisiana and employs approximately 45 people. Delta recorded 2004
sales of about $12 million.
About Pentair, Inc.
Pentair ( http://www.pentair.com ) is a diversified operating company
headquartered in Minnesota. Its Water Group is a global leader in providing
innovative products and systems used worldwide in the movement, treatment,
storage and enjoyment of water. Pentair's Enclosures Group is a leader in the
global enclosures market, designing and manufacturing standard, modified and
custom enclosures that house and protect sensitive electronics and electrical
components. With 2004 revenues of $2.28 billion, or $2.76 billion on a pro
forma basis, Pentair has approximately 13,000 employees worldwide.
SOURCE Pentair, Inc.
CONTACT: Rachael Jarosh
Communications
+1-763-656-5280
rachael.jarosh@pentair.com
or
Mark Cain
Investor Relations
+1-763-656-5278
mark.cain@pentair.com