Kaydon Completes Acquisition of Purafil, Inc.ANN ARBOR Ann Arbor, city (1990 pop. 109,592), seat of Washtenaw co., S Mich., on the Huron River; inc. 1851. It is a research and educational center, with a large number of government and industrial research and development firms, many in high-technology fields such as , Mich. -- Kaydon Corporation (NYSE NYSE See: New York Stock Exchange :KDN KDN Korea Electric Power Data Network Co, Ltd KDN Kenya Data Networks Limited (Nairobi, Kenya) ) announced today that it has acquired all of the outstanding capital stock of Purafil, Inc. ("Purafil") in a cash transaction valued at approximately $43.0 million. The acquisition of Purafil is expected to be accretive to Kaydon's earnings. Established in 1973, Purafil is recognized as the world leader in the manufacture and distribution of gas-phase air filtration systems and media for industrial and commercial applications throughout the world. More information on Purafil, and its products and markets, is available on Purafil's Website www.purafil.com. Purafil will continue to operate from its headquarters and manufacturing location in Doraville, Georgia Doraville is a city in DeKalb County, Georgia, United States. The population was 9,862 at the 2000 census. For mass transit, it is served by the Doraville MARTA heavy-rail station. Geography Doraville is located at (33. , and continue to market its well-established brand name products through its broad international network of representatives and distributors. Purafil has over 20,000 system installations worldwide used to: prevent corrosion of process control equipment at industrial facilities, improve air quality at commercial and institutional buildings, preserve artifacts artifacts see specimen artifacts. in museums, libraries and archives, remove toxic gas releases and control odor at wastewater treatment facilities, remove airborne molecular contamination in semiconductor and electronics assembly clean rooms, and monitor and verify system performance relative to engineered or governmental specifications. Brian P. Campbell, Kaydon's President and Chief Executive Officer stated, "We are extremely pleased to have this Leadership Company and its excellent management team join the Kaydon family. Purafil's global market presence and leading product development efforts provide a strong foundation for its future growth. Similar to Kaydon's existing businesses, Purafil has highly engineered performance-critical products, leadership product positions in niche markets, a strong management committed to the continued growth of the business, and a record of growth and high cash flow." About Kaydon Corporation Kaydon Corporation is a leading designer and manufacturer of custom-engineered products, supplying a broad and diverse group of industrial, aerospace, medical and electronic equipment, and aftermarket Aftermarket See: Secondary market. aftermarket See secondary market. customers. Certain statements in this press release are forward-looking within the meaning of the federal securities laws regarding the Company's plans, expectations, estimates and beliefs. Forward looking statements are typically identified by words such as "believes," "anticipates," "intends," "will," "may," "potential" and other similar expressions. These forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. may include, among other things, projections of the Company's financial performance, anticipated growth, characterization of and the Company's ability to control contingent liabilities Contingent Liability 1. The possibility of an obligation to pay certain sums dependent on future events. 2. Defined obligations by a company that must be met, but the probability of payment is minimal. Notes: 1. , and anticipated trends in the Company's businesses. These statements are only predictions, based on the Company's current expectations about future events. While the Company believes any forward-looking statements made are reasonable, actual results could differ materially since the statements are based on the Company's current expectations and are subject to risks and uncertainties beyond the control of the Company. These risks and uncertainties include, but are not limited to, risks and uncertainties relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc general economic conditions, geopolitical ge·o·pol·i·tics n. (used with a sing. verb) 1. The study of the relationship among politics and geography, demography, and economics, especially with respect to the foreign policy of a nation. 2. a. factors, future levels of general industrial manufacturing activity, future financial performance, market acceptance of new or enhanced versions of the Company's products, the pricing of raw materials, changes in the competitive environments in which the Company's businesses operate, the outcome of pending and future litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called litigation. and governmental proceedings, estimated legal costs, the estimated fair value of the Company's assets, the ultimate satisfaction of the Company's debt obligations, and risks and uncertainties listed or disclosed in the Company's reports filed with the Securities and Exchange Commission. The Company does not undertake, and expressly disclaims any obligation, to update or alter its forward-looking statements whether as a result of new information, future events or otherwise, except as required by applicable law. Readers are cautioned to consider these factors when relying on such forward-looking information. |
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