CLARCOR Announces Acquisition of Martin Kurz & Co., Inc.FRANKLIN, Tenn. -- CLARCOR Inc. (NYSE NYSE See: New York Stock Exchange : CLC (The Computer Language Company Inc.) The publisher of this Encyclopedia. See About this product. ) today announced that it has entered into a definitive agreement to acquire Martin Kurz & Co., Inc. ("MKI"), a privately-owned manufacturer of sintered sin·ter n. 1. Geology A chemical sediment or crust, as of porous silica, deposited by a mineral spring. 2. A mass formed by sintering. v. sin·tered, sin·ter·ing, sin·ters v. porous metal laminates used in screening and filtration products for a wide array of industries, including pharmaceutical, petrochemical, aerospace, paper and chemical process industries. The company sells these products under its Dynapore(R) and Foil-Mesh(TM) brands. MKI is based in Mineola, New York Mineola is a village in Nassau County, New York, USA. The population was 19,233 at the 2000 census. The name is derived from a Native American word meaning a "pleasant place." It is the county seat of Nassau CountyGR6. and will operate as a member of CLARCOR's Purolator Advanced Filtration Group, part of CLARCOR's Industrial/Environmental Filtration segment. The terms of the transaction were not disclosed. The acquisition is expected to close in early November and to be accretive to 2006 earnings. CLARCOR is based in Franklin, Tennessee, and is a diversified marketer and manufacturer of mobile, industrial and environmental filtration products and consumer and industrial packaging products sold in domestic and international markets. Common shares of the Company are traded on the New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. under the symbol CLC. Martin Kurz & Co., Inc. is based in Mineola, New York, and has been manufacturing high quality diffusion-bonded specialty materials such as Dynapore(R) sintered wire mesh laminates, porous powder metals, and Foil-Mesh(TM) since 1970. Further information on the company and its products is available on the MKI website at www.mkicorp.com. |
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