Donaldson acquires Aercology Inc

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BUS. S NSr ON ANDSEPARATIONINDUSTRIES DONALDSON CULLIGAN ACQUIRES A E R C O L O G Y INC COMPLETES Donaldson Company Inc has completed the acquisition of AMETEK DEAL Aercology Inc, located in Old

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nity to accelerate growth in the retail marketplace and through new distribution channels. This acquisition gives Culligan expanded market reach, industryleading products and increased growth potential utilizing two well-known brand names. We expect the acquisition to offer significant synergies and enhanced growth potential." In addition, Ametek's nonwater filtration businesses have been spun off forming Ametek Inc. The entity retains the Ametek ticker symbol and is listed on the New York and Pacific Stock Exchanges.

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Saybrook, Connecticut, as an addition to the company's Industrial and Commercial Products Division. Terms of the acquisition were not disclosed. Established in 1972, Aercology, with annual sales of approximately US$10 million, is a manufacturer of industrial air pollution control equipment specialising in smaller capacity filters. Products are sold primarily in North America and the Pacific Rim through an extensive network of independent distributors. "Combining the strength of Aercology's distribution channel with the resources of our Torit Products Division provides us with a great opportunity to accelerate our growth in this important market segment" said William Cook, senior vice president of Donaldson's Industrial and Commercial Products

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Division. Donaldson Company lnc is a worldwide manufacturer of filtration systems and replacement parts. The company's product mix includes air and liquid filters and exhaust and emission control products for mobile equipment: in-plant air cleaning systems; air intake systems and exhaust products

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Culligan Water Technologies Inc has completed the acquisition of the water filtration business of Ametek Inc in a stock merger transaction. As a result, Ametek's water filtration business has become a wholly-owned subsidiary of Culligan and Ametek's stockholders will receive an aggregate of 3 466 667 shares of Culligan common stock. Ametek's water filtration business manufactures and markets point-of-use water filtration and treatment products under the Ametek, Plymouth, American Plumber and other brand names. The company supplies a wide range of water filtration producls to the DIY, plumbing wholesale, commercial/industrial and water treatment markets. Douglas A Pertz, Culligan's president and chief executive officer, said: "'We are extremely pleased to have completed this acquisition and welcome Ametek stockholders to our stockholder base, Ametek's water filtration business is a logical, synergistic fit with our current business. Combining two of the strongest brands and leading product lines in the business gives us an excellent opportu-

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disk drives, anvraft passenger cabins and semiconductor processing. Products are manufactured at more than two dozen Donaldson plants around the world and through twit joint ventures.

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WHATMAN EXPANDS INTO THE NETHERLANDS Whatman plc has acquired 100 per cent of the share capital of Aqnilo Gas Separation BV from TBI Holdings BV of The Netherlands for £4 million in cash. Aquilo has developed a proprietary hollow fibre membrane technology used for the production of nitrogen by air separation. The acquisition will supplement Whatman's industrial operations which are active in the markets for drying, separating and filtration of gases. Sales of Aquilo nitrogen generation equipment will benefit from the extensJve international sales and service network Whatman has developed.

CONTENTS GENERAL NEONS 1,12,13t16 MARKET PROSPECTS 2-4 COMPANY PROFILE 5-6 COMPANY W~TCH ~-9~EATURE! 10 i i CON~TRACTS 13 I~IVIDENDfi 14 ECONOMIC REVIEW !4 DIARY'I5 ELSEVIgR A DVA NCED FI~C! I NOI J )(;'1

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