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East Hills, NY, April 26, 2002 -- Pall Corp. announced that it has completed the acquisition of Filterite and other divisions of the Filtration and Separations Group (FSG) from USFilter Corp.
The other acquired divisions are Fluid Dynamics, also headquartered in the United States; SeitzSchenk and Schumacher, both headquartered in Germany; and Exekia, headquartered in France.
"By combining the resources of Pall with other leaders in the industry with complementary strengths and products, we will be able to provide our customers with broader and more complete solutions for total process control, enabling them to better manage their filtration processes from beginning to end," said Eric Krasnoff, Pall Corporation Chairman and CEO. "We believe this will result in numerous efficiencies for our customers including the ease and reliability that comes with partnering with one supplier for integrated solutions for all their filtration and separation needs."
The addition of approximately $270 million in sales from FSG is the largest acquisition to date for Pall Corporation, bringing the Company to more than $1.5 billion in sales. FSG, a pioneer in filtration products for the separation and purification of liquids and gases, primarily serves the food & beverage, industrial, microelectronics, biotech and pharmaceutical industries through its five divisions.
"Our customers are our number one priority and we are committed to continuing to provide them with the highest value and quality products and services," continued Krasnoff. "Our goal is to make the integration of FSG with Pall as seamless as possible for our customers."
Pall Corporation requests that customers continue to purchase their Pall and FSG products through their usual supply channels. The Company will keep customers informed of its integration progress and communicate any developments and changes when they occur. Customers that want additional information on the integration are encouraged to visit Pall's web site http://www.pall.com.
Pall Corporation is a provider in the rapidly growing field of filtration, separation, and purification. Pall's business is organized around two broad markets: Industrial and Life Sciences.
The company is headquartered in East Hills, New York, and has major operations in more than 30 countries. Further information is available at: http://www.pall.com.
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