TwinPumps Inc. acquired by Pentair

Pentair announced it has acquired the assets of TwinPumps, Inc. of Oldwick, New Jersey.

Kansas City, Kansas, July 14, 2003 -- Pentair announced it has acquired the assets of TwinPumps, Inc. of Oldwick, New Jersey. TwinPumps is a manufacturer of vortex and chopper pumps for municipal wastewater and industrial applications. The TwinPumps products will be manufactured at the Fairbanks Morse plant in Kansas City, Kansas beginning in 2004.

The firm's founders have been retained "to help us develop other innovative products to supplement our product lines," according to Rick Cathcart, president and chief operating officer of Pentair's Water Technologies Group. Sales of TwinPumps products will be leveraged by Pentair's existing Fairbanks Morse pump sales channels to pursue replacement parts, replacement pumps, and new project business in the municipal wastewater business, Cathcart said.

Pentair (NYSE: PNR) is a Minnesota-based manufacturer whose core businesses compete in tools, water technologies, and enclosures markets. The company employs 12,000 people in more than 50 locations around the world. Fairbanks Morse has been manufacturing a wide range of pumps for applications in public works, industrial and fire protection markets for over a century.

For more information contact Fairbanks Morse Pump, 3601 Fairbanks Avenue, Kansas City, KS 66106, 913/371-5000, fairbanks-info@pentairpump.com, www.fmpump.com.

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