IN FOCUS

SCHOPFHEIM, Germany (August 29, 2002) — Thomas Industries Inc. (NYSE: TII) and Werner Rietschle GmbH + Co. KG – two of the world’s leading manufacturers of precision-engineered pumps and compressors – today completed a transaction that combines the companies into a powerful global entity with complementary products and expanded manufacturing and marketing capabilities. In 2001, Rietschle had sales of €155 million (approximately $151 million) and Thomas had sales of $184 million.

Dennis K. Williams, chairman, president and chief executive officer of IDEX Corporation (NYSE: IEX), and James C. Noonan, president and chief executive officer of Rheodyne, L.P., today announced that IDEX Corporation entered into a definitive agreement to acquire Rheodyne, L.P. Rheodyne becomes IDEX’s 12th stand-alone business and will be operated as part of its Pump Products Group. The transaction, subject to certain conditions, is expected to close within the next two weeks. Terms of this cash transaction were not disclosed.

Fri Jun 7, 2002 – CLEVELAND… Diversified industrial manufacturer Eaton Corporation (NYSE:ETN) today said it has purchased the remaining interest in its Jining Eaton Hydraulics Company, Ltd. (JEHYCO) hydraulic systems joint venture company in Jining, China, for an undisclosed amount.

Sulzer Pumps acquires selected assets from US service and repair company Centriflo Pump and Machine Co., Odessa, Texas, USA. With 32 employees, Centriflo’s sales currently total about USD 3.5 million (CHF 5.6 million).

DALLAS, Jun 5, 2002 (BUSINESS WIRE) — Following Flowserve Corporation’s (NYSE:FLS) acquisition of the Invensys Flow Control division (IFC), which was finalized on May 2, 2002, the company today announced initiatives to help realize the previously announced $10-to-15 million in estimated annual synergies expected by December 2003.

DALLAS, May 2, 2002 (BUSINESS WIRE) — Flowserve Corp. (NYSE:FLS) today announced the completion of its acquisition of Invensys plc’s Flow Control Division (IFC). The $535 million acquisition creates the world’s second largest valve company serving a wide range of industries, including petroleum, chemical, power, water and general industry.

On 1 May 2002, the Grundfos group took over the activities of the Swiss company Arnold AG, specialists in submersible mixers, flowmakers and recirculation pumps, which is based in Schachen in the canton of Lucerne, 70 km from Zurich.

MILWAUKEE, Apr 30, 2002 /PRNewswire-FirstCall via COMTEX/ — Sta-Rite Industries, a subsidiary of Wisconsin Energy Corp. (NYSE: WEC), has acquired Aermotor Pumps, Inc. of Conway, Ark. from GSW, Inc. of Ontario, Canada. Aermotor manufactures a full line of water pumps and pump accessories for a variety of applications, including potable water, agriculture and irrigation, sump drainage, and sewage and effluent for the residential, industrial, commercial and mining markets. The company exports to over 20 countries and had sales last year of $50 million.

TECUMSEH, Mich., April 17 /PRNewswire-FirstCall/ — Tecumseh Products Company (Nasdaq: TECUA, TECUB) today announced the acquisition of the assets of Manufacturing Data Systems, Inc. (MDSI), including the MDSI name. MDSI will operate as a subsidiary of Tecumseh Products.

Patterson Pump Company is pleased to announce the merger of Flo-Pak, Inc., of Atlanta, Georgia, with Patterson Pump Company. The merger was announced March 13th by Jeffrey S. Gorman, President and CEO of The Gorman-Rupp Company. Patterson Pump Company is a wholly owned subsidiary of The Gorman-Rupp Company.