Kaydon completes acquisition of Purafil Inc.
Kaydon Corp. has acquired all of the outstanding capital stock of Purafil Inc. in a cash transaction valued at about $43 million. With over 20,000 systems installed worldwide, Purafil's equipment is used to prevent corrosion of process control equipment at industrial facilities, improve air quality at commercial and institutional buildings, remove toxic gas releases and control odor at wastewater treatment facilities...
ANN ARBOR, MI, Jan. 10, 2005 (BUSINESS WIRE) -- Kaydon Corp. has acquired all of the outstanding capital stock of Purafil Inc. in a cash transaction valued at about $43.0 million. The acquisition of Purafil is expected to be accretive to Kaydon's earnings.
Established in 1973, Purafil is recognized as a world leader in the manufacture and distribution of gas-phase air filtration systems and media for industrial and commercial applications throughout the world.
Purafil will continue to operate from its headquarters and manufacturing location in Doraville, Ga., 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 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 CEO, 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 Corp.
Kaydon Corporation (www.kaydon.com) 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 customers.