CLARCOR Announces Acquisition of Synthetic Fibers Filtration Product Line from Newton Tool Company.FRANKLIN, Tenn. -- CLARCOR Inc. (NYSE NYSE See: New York Stock Exchange : CLC) today announced that it has acquired the synthetic fibers filtration business from the Newton Tool & Manufacturing Co., a privately-owned engineering and machining company based in Swedesboro, New Jersey Swedesboro is a borough in Gloucester County, New Jersey, United States. As of the United States 2000 Census, the borough population was 2,055. Swedesboro was formed as a borough by an Act of the New Jersey Legislature on April 9, 1902, from portions of Woolwich Township. . The synthetic fibers filtration business, including all of the related production equipment, will be moved into CLARCOR's Purolator EFP operations in Houston, Texas and Shelby, North Carolina Shelby is a city in Cleveland County, North Carolina, United States. The population was 19,477 at the 2000 census. It is the county seat of Cleveland CountyGR6. Geography Shelby is located at (35. . The terms of the acquisition were not disclosed. Norm Johnson, CLARCOR's Chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , said: "We are very pleased that we had the opportunity to acquire Newton's synthetic fiber filtration product line as it will enable us to further expand the number of products that we now provide the fiber manufacturing industry." 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. |
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