IN FOCUS

Sulzer Chemtech and Cana-Tex signed an agreement to acquire Cana-Tex, based in Houston, Texas. Subject to the fulfillment of certain conditions, closing of the acquisition will become effective as of July 1st, 2005.

“SKF confirms its target of 10% operating margin level as well as its target of 24% sales growth, in local currencies, within the four-year period ending 2006, also after the divestment of Ovako. The target remains unchanged”, said Tom Johnstone, President and CEO of SKF at the Group’s Capital Market Day in Sao Paulo.

Moyno, Inc. is pleased to announce that Steve Geib has recently been appointed to the position of Regional Sales Manager for the Northeast U.S.A. region. As Northeast Regional Sales Manager, Geib will be responsible for all Moyno municipal and industrial sales in the region.

The Board of Directors of Thomas Industries Inc. has declared a quarterly cash dividend of 9-1/2 cents per share, payable July 1, 2005, to shareholders of record June 3, 2005. This will be the 200th consecutive quarterly cash dividend paid by the Company.

Pfeiffer Vacuum, one of the world’s leading manufacturers of high-quality vacuum pumps, vacuum gauges, mass spectrometers and complex vacuum systems, announces its results for the 1st quarter of 2005.

The Board of AB SKF has appointed Tore Bertilsson, age 54, Chief Financial Officer in SKF, as Executive Vice President of AB SKF. He will take up the position as from June 1 when Gunnar Gremlin, Executive Vice President AB SKF and President of SKF (China) Investment Co. Ltd, retires.

The board of directors of Franklin Electric Co., Inc. has elected David M. Wathen and Thomas L. Young to be directors of the company.

Crane Co. announced the planned early retirement of Richard W. Schueller, President of the Crane Composites Group and Kemlite Company and the appointment of Daniel L. Colbert to President, Kemlite.

For the 12th consecutive year, Eaton Corporation, a diversified industrial manufacturer, received Toyota Motor Manufacturing North America, Inc.’s (TMMNA) highest honor for superior quality and delivery of engine valves.

Pentair has received the 2005 Minnesota Business Ethics Award (MBEA), an award established by The Center for Ethical Business Cultures and the Minnesota Chapters of the Society of Financial Service Professionals.