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Pentair Expands Presence in South American Telecom Enclosure Markets Through New Alliance with Taunus

June 13, 2000

MINNEAPOLIS, June 13 /PRNewswire/ -- Pentair (NYSE: PNR) announced today that it has signed a joint agreement with a Brazilian enclosure manufacturer that will give Pentair an immediate, major presence in the fast-growing South American telecom enclosures market and help support Pentair's key global customers including Lucent, Motorola, Nortel, and Rockwell. Under the mutual exclusive agreement, Metalurgica Taunus Ltda. (Taunus), Boituva, Brazil, will provide local support and manufacturing for Pentair's worldwide enclosure businesses, including Pentair Electronic Packaging ( ) and Hoffman Enclosures ( http://www.hoffmanonline ).

"We are excited about our new affiliation with Taunus since it combines our growing relationship with global key accounts and their expansion into South America with Taunus' excellent reputation and presence in this market," said John Abbott, president of Pentair Electronic Packaging. "We are committing our project management and engineering support resources to Taunus to accelerate our success and penetration in this area of the world."

Taunus is the leading designer, manufacturer and distributor of metric enclosures for electronic and industrial applications in South America, with a growing presence in the telecom market. The privately held firm, founded in 1969, has state of the art facilities with more than 100,000 square feet of manufacturing space in Boituva, close to Brazil's telecom center, Campinas.

"This alliance leverages the core competencies of both companies and will open exciting growth opportunities for us," says Jorge L. Veduvoto, president of Taunus. "The agreement provides a sound basis to strengthen our good relationship with Pentair."

Pentair's Electrical and Electronic Enclosures Group generated global sales of $643 million in 1999. The Pentair Electronic Packaging ( ) division was formed in mid-1999 to focus on the data communications and telecommunications industries to capitalize on the growth these industries offer. Hoffman Enclosures Inc. ( ) is the leading North American designer and manufacturer of electrical, electronic, and networking enclosures, serving the North American market through 1,400 stocking distributors.

Pentair ( ) is a diversified manufacturer operating in three principal markets: professional tools and equipment, water and fluid technologies, and electrical and electronic enclosures. The company employs 14,000 people in more than 50 locations around the world. SOURCE Pentair

CONTACT: Mark Cain of Pentair, 612-486-2761/