Water filtration manufacturer Amiad acquires remainder of French subsidiary

Sponsored by

• Acquisition establishes Amiad's European direct sales channel

KIBBUTZ AMIAD, Israel, Feb. 7, 2011 -- Amiad Filtration Systems (LSE: AFS), the producer and global supplier of water filters and filtration systems for the industrial, municipal and irrigation markets, announced today that it has acquired the remaining 34% of the issued share capital of its French subsidiary, Amiad France SARL ("Amiad France"), from its local partners Palinodie SARL, Bruno Jauneaud and Jean-Yves Gautret. Amiad will issue Palinodie SARL, Mr. Jauneaud and Mr. Gautret a total of 69,000 new ordinary shares, each worth NIS 0.5, representing 0.31% of Amiad's enlarged issued share capital.

The acquisition follows Amiad's purchase of its Chinese subsidiary and is in line with the Company's strategy to acquire 100% ownership of its subsidiaries in order to have a local presence and to establish direct sales channels in competitive markets.

"By fully incorporating Amiad France into our company, we are significantly strengthening our presence in one of our most important worldwide markets," said Arik Dayan, CEO of Amiad Filtration Systems. "Additionally, this transaction demonstrates both our commitment to growth, as it will allow us to more easily penetrate new markets in Europe, as well as our commitment to our customers, as it will allow us to more easily provide them with the service and support they need to successfully execute complex installations."

The acquisition of Amiad France also supports Amiad's long-term approach to acquire positions in companies that provide complimentary technologies or enable the Company to enter into new territories -- as demonstrated by Amiad's acquisitions in Turkey in 2008, India in 2009 and the establishment of a subsidiary in Chile in 2010.

Amiad France's current management team, led by CEO Mr. Jauneaud, and Mr. Gautret, who will oversee European sales and marketing and business development, will remain in place, ensuring a smooth and seamless transition.

###

Sponsored by

TODAY'S HEADLINES

City of Lima, Ohio, enters CWA settlement to reduce critical sewage overflows

To resolve claims that untreated sewer discharges were released into the Ottawa River during wet weather, the city of Lima, Ohio, has entered into a Clean Water Act settlement with the Environmental Protection Agency, U.S. Department of Justice and State of Ohio.

AWWA to Congress: Nutrient pollution reduction key to preventing cyanotoxins

In a testimony recently held before the U.S. House Subcommittee on Environment and the Economy, American Water Works Association President John Donahue stressed that the solution to keeping drinking water safe from cyanotoxins begins with reducing nutrient pollution.

Reclamation invests $9.2M in water, power research in West amid drought

Following a year of record drought, water managers throughout the West are searching for information and ideas to ensure a reliable and sustainable water supply. To meet this growing need, the Bureau of Reclamation has officially awarded $9.2 million for 131 research projects.

City of Philadelphia names first 'Stormwater Pioneer'

The Philadelphia Water Department has named Stanley's True Value Hardware as the city's first Stormwater Pioneer. The store's third-generation owners were recognized as role models for small business owners and private developers looking to reduce stormwater runoff.

FOLLOW US ON SOCIAL MEDIA