Conroe Plastics Molding

Feb 5, 2014

Accelerates Aftermarket Strategy February 04, 2014 04:27 PM Eastern Standard Time HOUSTON--( BUSINESS WIRE )--Gardner Denver today announced the acquisition of Conroe Plastics Molding, Inc. (CPM), a manufacturer of engineered seals, gaskets, and specialty plastic components for pumps and rotating equipment in the petroleum industry. CPM will become part of Gardner Denver’s Energy Group. Established in 1989 and located in Conroe, Texas, CPM has 70 employees. The company has been a key supplier to Gardner Denver since 2002. Saeid Rahimian, President of Gardner Denver’s Energy Group, said, “The acquisition of Conroe Plastics Molding is part of our growth strategy to enhance our parts availability and service quality to our customers in the oil and gas industry. Clearly, this acquisition is a great fit with Gardner Denver’s Petroleum Pump offerings and we will continue to invest in this business.” The CPM acquisition is part of a long-term strategy to grow Gardner Denver’s aftermarket business, which serves the oil and gas markets. Gardner Denver is investing over $50 Million including this acquisition to support the aftermarket strategy by significantly expanding its presence and manufacturing capability. These new facilities and capabilities will allow Gardner Denver to provide an unparalleled level of service to our customers. All employees of Conroe Plastics Molding, Inc. will join Gardner Denver’s Energy Group, which is headquartered in Houston, TX. About Gardner Denver Gardner Denver, Inc., is a leading worldwide manufacturer of highly engineered products, including compressors, liquid ring pumps and blowers for various industrial, medical, environmental, transportation and process applications, pumps used in the petroleum and industrial market segments and other fluid transfer equipment, such as loading arms and dry break couplers, serving chemical, petroleum and food industries. Gardner Denver is privately owned by affiliates of leading investment firm Kohlberg Kravis Roberts & Co L.P. Forward-Looking Statements All of the statements in this press release, other than historical facts, are forward-looking statements. As a general matter, forward-looking statements are those focused upon anticipated events or trends, expectations, and beliefs relating to matters that are not historical in nature. The words “could,” “should,” “feel,” “anticipate,” “preliminary,” “expect,” “believe,” “estimate,” “intend,” “plan,” “will,” “foresee,” “project,” “forecast,” and similar expressions identify forward-looking statements. Forward-looking statements are subject to known and unknown risks and uncertainties relating to the Company’s operations and business environment, all of which are difficult to predict and many of which are beyond the control of the Company. These known and unknown risks and uncertainties could cause actual results to differ materially from those expressed in or implied by such forward-looking statements. The forward-looking statements in this press release only speak as of the date of this press release, and the Company has no duty to update them, even though circumstances may change in the future that impact the Company’s underlying expectations or beliefs. As such, readers are cautioned not to place undue reliance on these forward-looking statements. Contacts