United Dominion Announces It is in Discussions Concerning A Possible Sale of the Company

27.10.2000

CHARLOTTE, N.C., Sept. 26 -- United Dominion Industries Ltd. (NYSE: UDI, TSE) announced today that it is in discussions with several parties concerning a possible sale of the company. J.P. Morgan & Co., Inc. is advising the company.

No definitive agreement regarding a sale has been entered into by the company, and there can be no certainty that an agreement will be reached or that any sale will be consummated. The company does not intend to update this announcement until a transaction is agreed to or negotiations are terminated.

United Dominion is a diversified manufacturer of proprietary engineered products in four business segments - Flow Technology, Machinery, Specialty Engineered Products, and Test Instrumentation. It has annual sales of $2.5 billion and 14,000 employees in 20 countries.

Within the business segment flow technology (pumps, valves, filters, dryers, heat exchangers and complete systems to process or transport fluids and for heat transfer) there are the pump manufacturers Bran+Luebbe, Marley Pump and Waukesha Cherry-Burrell.

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