WHITE PLAINS, N.Y., Jan. 8 /PRNewswire/ -- ITT Industries Inc.
(NYSE: IIN), the world's leading pump producer, announced today that it has
purchased Water Pollution Control Corp. (WPCC), the global leader in the
design and production of aeration products and systems for municipal and
industrial wastewater treatment. Terms of the transaction were not disclosed.
"The combined experience of our Flygt operation along with WPCC opens the
door to significant opportunities in the world's $650 million aeration market.
It will enable ITT Industries to efficiently provide complete systems
solutions -- submersible pumps, mixers and aeration products -- to municipal
and industrial customers worldwide," said Richard J. Labrecque, Executive Vice
President ITT Industries responsible for ITT Industries' fluid technology
WPCC, with approximately $40 million in revenues, designs and builds
Sanitaire(R) premium aeration, or oxygen diffusion, products and systems. The
Wisconsin-based company also provides ABJ(TM) compact treatment plants and the
Intermittent Cycle Extended Aeration System, ICEAS(R), which is widely used to
optimize the efficiency and automation of wastewater treatment and industrial
ITT Industries' Sweden-based Flygt AB is the world leader in submersible
mixers and pumps that are frequently used in conjunction with WPCC systems.
Flygt has distributed WPCC's Sanitaire(R) fine bubble diffusers since 1990 and
is currently Sanitaire's largest distributor outside of North America. With
the acquisition, Flygt will gain full access to WPCC's aeration products and
will distribute these products in world markets more effectively through its
long-established global distribution network.
ITT Industries, Inc. (http://www.ittind.com) is a global industrial
manufacturing company with leading positions in the markets that it serves,
generating annual global sales of $4.4 billion. ITT Industries is the world's
largest producer of pumps, systems and services to move and control water and
other fluids. The company is also a leading supplier of sophisticated
military defense systems, and provides advanced technical and operational
services to a broad range of government agencies. ITT Industries is a leading
provider of connectors, switches and cabling used in telecommunications,
computing, aerospace and industrial applications, as well as network services.
Further, ITT Industries provides industrial components for a number of other
markets, including transportation, construction and aerospace. Based in White
Plains, NY, ITT Industries employs approximately 35,000 people around the
In addition to the New York Stock Exchange, ITT Industries' common 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. For ITT Industries news and information on
the Internet, visit http://www.ittind.com. To receive releases by fax, call
800-758-5804, extension 110006.
SOURCE ITT Industries Inc.
Web site: http://www.ittind.com
Company News On-Call: http://www.prnewswire.com/comp/110006.html
or fax, 800-758-5804, ext. 110006
CONTACT: Tom Glover, 914-641-2160, or Bjorn von Euler,
201-760-5795, both of ITT Industries, Inc.