Signs Definitive Agreement to Acquire Engefiltro, its Brazilian
PORT WASHINGTON, N.Y., July 14, 2011 -
Pall Corporation (NYSE:PLL),
a global leader in filtration, separation and purification, announced
today that it has signed a definitive agreement to acquire its long-time
Brazilian distribution partner, Engefiltro. The acquisition will
strengthen Pall’s capabilities to support customers in the fast-growing
Latin American market. The transaction is expected to be completed by
the end of the month. Terms of the deal were not disclosed.
Headquartered in the state of Sao Paulo,Engefiltro’s customersrepresent a broad spectrum of the national economy, including the
mining, oil and gas, chemical and petrochemical, power generation, food
processing, and pharmaceutical industries. Engefiltro, which is
certified to ISO 9001 quality standards, also has sophisticated
filtration systems engineering capabilities. This expertise increases
Pall’sregional capabilities in the design, construction and
servicing of sophisticated fluid management systems for customers in the
life sciences and industrial markets throughout Latin America.
“Brazil is already the world’s seventh largest economy and among the
fastest growing. Its current size, market diversity and growth plans
demand a local Pall presence. We are delighted to welcome Engefiltro's
employees to the Pall family and will do everything we can to further
enhance theirability to serve customers and grow the business,”
said Eric Krasnoff, CEO and president.
Felix Diaz, president, Pall Latin America, said, "The Engefiltro
organization has been very successfulpositioning Pall
technologies, products and services into the Brazilian market for more
than 20 years.Engefiltro's sales organization is world-class and
their operations and capabilities are highly complementary to Pall's.
The combination of our organizations increases our opportunities to
deliver even greater value to customers."
Pall Corporation (NYSE:PLL)
is a filtration, separation and purification leader providing solutions
to meet the critical fluid management needs of customers across the
broad spectrum of life sciences and industry. Pall works with customers
to advance health, safety and environmentally responsible technologies.
The Company’s engineered products enable process and product innovation
and minimize emissions and waste. Pall Corporation, with total revenues
of $2.4 billion for fiscal 2010, is an S&P 500 company with more than
10,000 employees serving customers worldwide. To see how Pall is helping
enable a greener, safer, more sustainable future, follow us on Twitter @PallCorporation
or visit www.pall.com/green.
Doug Novarro Corporate Public Relations 516-801-9944 Follow
us on Twitter @pallcorporation