Kaydon Corporation Announces The Creation Of The Kaydon Environmental Services Group
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 class 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 worldwide.”
About KaydonKaydon 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.
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