Investor Relations

News Release Details

Home Investor Relations News Releases News Release Details
//
Pentair Acquires Krystil Klear to Complement Existing Filtration Business
04.12.2006

GOLDEN VALLEY, Minn.--(BUSINESS WIRE)--April 12, 2006--Pentair (NYSE:PNR) today announced that it has acquired the assets of Krystil Klear, a privately held company, to complement existing businesses in its Water Group.

Krystil Klear expands Pentair's industrial filtration product offering to include a broad range of steel and stainless steel housing and filtration solutions. Pentair's filtration business serves the residential, municipal, commercial, and industrial markets with filtration housings, cartridge elements, tanks, valves, and other filtration system components.

"The bolt-on acquisition of Krystil Klear enhances our presence in the industrial liquid filtration markets, increases our product portfolio and expands our industrial distribution footprint," said Michael V. Schrock, president and chief operating officer of Filtration and Technical Products. "With this acquisition, we further strengthen Pentair's filtration position in a broad array of industrial end markets; including paper, food, chemical and pharmaceutical. Pentair's existing filtration cartridges, coupled with Krystil Klear's strength in steel and stainless steel industrial housings, provides an expanded line of liquid filtration products for our customers."

Krystil Klear is headquartered in Winamac, Indiana and employs approximately 60 people. In 2005, the company recorded sales of approximately $8 million.

About Pentair, Inc.

Pentair (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 Technical Products Group is a leader in the global enclosures market, designing and manufacturing standard, modified, custom and thermal enclosures that house and protect sensitive electronics and electrical components. With 2005 revenues of $2.95 billion, Pentair has approximately 15,000 employees worldwide.

CONTACT: Pentair, Inc., Golden Valley
Communications:
Rachael Jarosh, 763-656-5280
E-mail: rachael.jarosh@pentair.com
or
Investor Relations:
Mark Cain, 763-656-5278
E-mail: mark.cain@pentair.com

SOURCE: Pentair, Inc.

Categories: Press Releases