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.