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MPR Met-Pro Corp.

13.60
0.00 (0.00%)
22 Nov 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Met-Pro Corp. NYSE:MPR NYSE Ordinary Share
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 13.60 0.00 00:00:00

Met-Pro Corporation Announces Consolidation of Business Units

04/02/2010 9:17pm

PR Newswire (US)


Met Pro (NYSE:MPR)
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HARLEYSVILLE, Pa., Feb. 4 /PRNewswire-FirstCall/ -- Raymond J. De Hont, Chairman and Chief Executive Officer of Met-Pro Corporation (NYSE:MPR), announced today that effective February 1, 2010, the Company has consolidated its Duall, Flex-Kleen and Met-Pro Systems business units into a single business unit, Met-Pro Environmental Air Solutions, which will remain a part of Met-Pro's Product Recovery/Pollution Control Technologies platform. "The newly-formed Met-Pro Environmental Air Solutions business unit will allow us to improve our capacity utilization, reduce our cost structure and improve our competitive positioning and profitability," stated De Hont. "We will be better able to take advantage of the many synergies that exist between the Duall, Flex-Kleen and Systems brands, allowing us the opportunity to gain market share, especially in markets where we currently have limited or no presence, and service our customers in a more effective manner. Our goal is to not only preserve, but to enhance the globally recognized Duall, Flex-Kleen and Systems brands our customers have come to know and depend upon." Met-Pro Environmental Air Solutions is a leading niche-oriented global provider of solutions and products for product recovery and air pollution control applications. Its diverse and synergistic solutions and products address the world's growing need to meet more stringent emission regulations, reduce energy consumption and employ "green technology". Products include: Duall brand chemical and biological odor control systems, fume and emergency gas scrubbers, wet particulate collectors, carbon adsorption systems, mist eliminators, air strippers, degasifiers, ducting and exhaust fans; Flex-Kleen brand pulse jet fabric filters, cartridge collectors, and cyclones; and Met-Pro Systems brand turnkey thermal and catalytic oxidation systems for removal of volatile organic compounds (VOCs) and other atmospheric pollutants. Met-Pro Environmental Air Solutions also provides a complete line of spare parts and an experienced field service organization for servicing and maintaining all air pollution control equipment, regardless of the manufacturer. About Met-Pro Met-Pro Corporation, with headquarters at 160 Cassell Road, Harleysville, Pennsylvania, was recently recognized as one of "America's Fastest Growing Small Companies" by Fortune Small Business magazine. Through its business units in the United States, Canada, Europe and The People's Republic of China, a wide range of products and services is offered for industrial, commercial, municipal and residential markets worldwide. These include product recovery and pollution control technologies for purification of air and liquids; fluid handling technologies for corrosive, abrasive and high temperature liquids; Mefiag filtration technologies for harsh, corrosive liquid filtration applications; and filtration and purification technologies which include proprietary water treatment chemicals and filter products for air and liquid filtration. For more information, please visit http://www.met-pro.com/. The Private Securities Litigation Reform Act of 1995 provides a "safe harbor" for forward-looking statements. Certain information included in this news release, and other materials filed or to be filed with the Securities and Exchange Commission (as well as information included in oral or other written statements made or to be made by the Company), contain statements that are forward-looking. Such statements may relate to plans for future expansion, business development activities, capital spending, financing, the effects of regulation and competition, or anticipated sales or earnings results. Such information involves risks and uncertainties that could significantly affect results in the future and, accordingly, such results may differ from those expressed in any forward-looking statements made by or on behalf of the Company. These risks and uncertainties include, but are not limited to, those relating to, the cancellation or delay of purchase orders and shipments, product development activities, goodwill impairment, computer systems implementation, dependence on existing management, the continuation of effective cost and quality control measures, retention of customers, global economic and market conditions, and changes in federal or state laws. Met-Pro common shares are traded on the New York Stock Exchange, symbol MPR. To obtain an Annual Report or additional information on the Company, please call 215-723-6751 and ask for the Investor Relations Department, or visit the Company's website at http://www.met-pro.com/. Contact: Investor Contact: Gary J. Morgan, Joseph Hassett, VP Senior Vice President of Finance, CFO Gregory FCA Communications 215-723-6751 610-228-2110 DATASOURCE: Met-Pro Corporation CONTACT: Investors, Gary J. Morgan, Senior Vice President of Finance, CFO of Met-Pro Corporation, +1-215-723-6751; or Joseph Hassett, VP of Gregory FCA Communications for Met-Pro Corporation, +1-610-228-2110 Web Site: http://www.met-pro.com/

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