Acquisition Will Add West Coast Sales and Manufacturing Capability
MINNEAPOLIS, February 4, 2008-- Donaldson Company, Inc. (NYSE: DCI) today announced that it has acquired the assets of LMC West, a manufacturer of industrial dust collection and filtration systems. Terms of the acquisition were not disclosed.
LMC West, based in Riverbank, CA, designs and manufactures dust collectors and industrial filtration systems for woodworking, agricultural and industrial applications. LMC West had annual sales of approximately $10 million in 2007.
"The acquisition of LMC West complements our existing Donaldson Torit® dust collection products well," said Tod Carpenter, Vice President, Global Industrial Filtration Solutions. "Through the leadership of President Mike Clark and his team, LMC West has built a great reputation for quality products and successful installations. Their continued leadership from the California location will allow us to be more responsive to our West Coast Customers."
About Donaldson Company
Donaldson is a leading worldwide provider of air and liquid filtration systems and replacement parts that improve people's lives, enhance our Customers' equipment performance and protect our environment. We are a technology-driven company committed to satisfying our Customers' needs for diesel engine equipment and industrial filtration solutions through innovative research and development, superior technology, and global presence. Our 12,000 employees contribute to the company's success by supporting our Customers at more than 100 sales, manufacturing, and distribution locations around the world.
Donaldson is a member of the S&P MidCap 400 and Russell 1000 indices, and our shares trade on the NYSE under the symbol DCI. Additional information is available at www.donaldson.com.
FOR IMMEDIATE RELEASE:
Monday, February 4, 2008
FOR FURTHER INFORMATION:
Rich Sheffer
(952) 887-3753
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