ITT Corporation

ITT Industries Acquires UK Producer of Specialty Fluid Handling Components -- Addition Expands Capabilities in Key Hygienic Markets

    7/6/1998

        UPPER SADDLE RIVER, N.J., July 6 /PRNewswire/ -- ITT Industries
    (NYSE: IIN), the world's leading pump producer, announced today that it has
    acquired Sinton Engineering Group, a UK-based company that specializes in the
    production and sales of fluid handling components, including valves, custom
    fabrications, and specialty fittings for the hygienic processing industries.
    Terms of the transaction were not disclosed.
        "This acquisition strengthens our ability to provide comprehensive and
    customized fluid handling solutions in the European Community -- a market that
    represents one-third of the world's pharmaceutical and bioprocessing sector
    and a promising growth opportunity for our hygienic fluid handling business,"
    said Richard J. Labrecque, President and CEO of ITT Industries' fluid
    technology business.
        Sinton, located in Kirkham, England, was formed in 1976 and serves the
    pharmaceutical/bioprocessing, chemical and food and beverage markets.  The
    company operates within an ISO 9001 environment and has annual sales of
    approximately $7 million.
        ITT Industries' fluid technology business has been active in the sale of
    valves, pumps and components for hygienic applications in the UK and Europe
    since 1989.  In 1991 Sinton began serving as a factory authorized distributor
    for ITT Industries, and the company later took on the role of licensee,
    supplying ITT Industries' Pure-Flo products, including valves and processing
    components, throughout Europe.
        The acquisition of Sinton closely follows ITT Industries' purchase of A.G.
    Johansons Metallfabrik AB of Kolback, Sweden, also a manufacturer of stainless
    components and custom fabrications for the pharmaceutical industry, and
    further enhances ITT Industries' presence in the European Community.
        ITT Industries (http://www.ittind.com) is a leading global diversified
    manufacturing company, with 1997 sales of $8.8 billion in its three primary
    business segments: Automotive, Defense and Electronics, and Fluid Technology.
    In the automotive industry, ITT Industries is one of the world's largest
    independent suppliers of systems and components to automotive manufacturers.
    In the defense and electronics area, ITT Industries is a leader in the design,
    manufacture and support of high technology electronic systems and components,
    including Night Vision, tactical communications and mobile telecommunications.
    In fluid technology, ITT Industries is the world's leading manufacturer of
    pumps, systems and services for the movement and control of fluids.
    Headquartered in White Plains, NY, ITT Industries employs more than
    58,000 people around the world.
        In addition to the New York Stock Exchange, ITT Industries' stock is
    traded under the symbol ("IIN") on the Midwest, Pacific, London, Frankfurt and
    Paris exchanges.
        ITT Industries and its subsidiaries' news releases are available at no
    charge via fax and the Internet.  To receive releases by fax, call
    800-758-5804, extension 110006 for ITT Industries, or extension 114898 for ITT
    Fluid Technology.
    
    SOURCE  ITT Fluid Technology
    
    

    Web site: http://www.ittind.com
    Company News On-Call: http://www.prnewswire.com or fax,
    800-758-5804, ext. 110006, or ext. 114898
    CONTACT: Bjorn von Euler of ITT Fluid Technologies, 201-760-9800,
    or fax, 201-760-9692, or bvon_euler@fluids.ittind.com

About ITT

ITT is a diversified leading manufacturer of highly engineered critical components and customized technology solutions for the transportation, industrial, and oil and gas markets. Building on its heritage of innovation, ITT partners with its customers to deliver enduring solutions to the key industries that underpin our modern way of life. ITT is headquartered in White Plains, N.Y., with employees in more than 35 countries and sales in a total of approximately 125 countries. The company generated 2016 revenues of $2.4 billion.

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