|[November 27, 2012]
Kaydon Corporation Announces the Creation of the Kaydon Environmental Services Group
ANN ARBOR, Mich. --(Business Wire)--
Kaydon Corporation (NYSE: KDN) today announced the creation of the
Kaydon Environmental Services Group, combining Purafil, Inc., a global
leader in gas-phase filtration, and Kaydon Custom Filtration, a global
leader in liquid filtration. This group will drive the future of
filtration technologies and services within Kaydon under the leadership
of James Mash, who will serve as President of the newly formed group,
reporting to Gary Brewer, Kaydon Group Operations President.
The formation of the Environmental Services Group creates a unique,
global environmental leader focused on providing quality solutions for
both air and liquid applications. By merging Purafil's focus on the
dry-scrubbing of air and Kaydon Custom Filtration's focus on liquid
separation and filtration, the newly formed group will leverage the
strengths of each business, combining the global resources of each
company while broadening product offerings and providing full-service,
custom solutions for customers.
James O'Leary, Chairman and Chief Executive Officer, commented,
"Creating the Kaydon Environmental Services Group with the consolidation
of Purafil, Inc. and Kaydon Custom Filtration will leverage over 100
years of combined knowledge and experience, strengthening our current
world clas brands and expanding our capabilities to meet customer
needs. Under the leadership of Jim Mash and Gary Brewer, we will create
a synergistic global business in an environmental services marketplace
that fosters growth by adding new technologies, markets and products
Kaydon Corporation is a leading designer and manufacturer of custom
engineered, performance-critical products, supplying a broad and diverse
group of industrial, military, alternative energy, aerospace, medical
and semiconductor equipment, and aftermarket customers.
This press release contains forward-looking statements within the
meaning of the Securities Exchange Act of 1934 regarding the Company's
plans, expectations, estimates and beliefs. Forward-looking statements
are typically identified by words such as "believes," "anticipates,"
"estimates," "expects," "intends," "will," "may," "should," "could,"
"potential," "projects," "approximately," and other similar expressions.
These forward-looking statements may include, among other things,
projections of the Company's financial performance, anticipated growth,
characterization of and the Company's ability to control contingent
liabilities, expectations regarding acquired businesses and anticipated
trends in the Company's businesses. These statements are only
predictions, based on the Company's current expectation about future
events. Although the Company believes the expectations reflected in the
forward-looking statements are reasonable, it cannot guarantee future
results, performance or achievements or that predictions or current
expectations will be accurate. These forward-looking statements involve
risks and uncertainties that could cause the Company's actual results,
performance or achievements to differ materially from those expressed or
implied by the forward-looking statements.
In addition, the Company or persons acting on its behalf may from time
to time publish or communicate other items that could also be construed
to be forward-looking statements. Statements of this sort are or will be
based on the Company's estimates, assumptions, and projections and are
subject to risks and uncertainties that could cause actual results to
differ materially from those included in the forward-looking statements.
Kaydon does not undertake any responsibility to update its
forward-looking statements or risk factors to reflect future events or
circumstances except to the extent required by applicable law.
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