IN FOCUS

MINNEAPOLIS, Jan. 23 /PRNewswire/ — Pentair (NYSE: PNR) announced today

that Vice Chairman Joseph R. Collins has retired from the company. He will

retain his seat on the company’s board of directors.

Consolidated order intake for 2000 by the Sulzer Corporation totalled CHF 5775 million, 7% higher than in prior year. Growth adjusted for acquisitions and divestitures was 11%, and 7% after adjustment for currency effects. Sulzer Medica attained a nominal growth of 14% (8% adjusted for currency effects), while Sulzer Industries order intake rose nominally by 5%, or 10% adjusted for acquisitions and divestitures.

MINNEAPOLIS, Jan. 17 /PRNewswire/ — Pentair (NYSE: PNR) announced today that Richard J. Cathcart, 56, formerly executive vice president and president of Pentair’s Water Technologies segment, has been named president and chief operating officer of the Water Technologies segment, effective immediately.

NORTHBROOK, Ill., Jan. 16 /PRNewswire/ — IDEX Corporation (NYSE: IEX),

today reported record orders, sales, net income, earnings per share and cash

flow for the year ended December 31, 2000.

WHITE PLAINS, N.Y., Jan. 12 /PRNewswire/ — ITT Industries, Inc.

(NYSE: ITT) will release its fourth quarter and full year 2000 financial

results at 7:00am EST, Tuesday, January 23, 2001. In addition to releasing

the results at 7:00am, at 9:00am senior management will review financial and

operating results, comment on current conditions and answer questions during

an investor briefing.

HOUSTON–(BUSINESS WIRE)–Jan. 11, 2001–National-Oilwell, Inc. (NYSE:NOI) today announced that it has completed the previously announced acquisition of the stock of Maritime Hydraulics (Canada) Ltd. for a total cash purchase price, including the assumption of certain debt obligations, of Canadian $25 million (approximately U.S. $16.5 million).

In order to take part in the rapid process of change in Estonia, Latvia, and Lithuania, Grundfos has opened a new sales company in each of the Baltic States.

NORTHBROOK, Ill., Jan. 10 /PRNewswire/ — Dennis K. Williams, chairman, president and chief executive officer of IDEX Corporation, and Fred G. Wacker III, president and principal shareholder of Liquid Controls, L.L.C., today announced the acquisition of Liquid Controls by IDEX. Liquid Controls is headquartered in Lake Bluff, Illinois, and has joint ventures in Italy and India. Liquid Controls becomes IDEX’s 12th stand-alone business and will be operated as part of its Pump Products Group. Terms of this cash transaction were not disclosed.

DALLAS, Jan. 3 /PRNewswire/ — Flowserve Corp. announced today the

divestiture of its Tulsa, Okla., plant to Ruhrpumpen Inc., a subsidiary of

Corporacion EG of Monterrey, Mexico, on Dec. 29, 2000. The company made the

required divestiture as part of an agreement with the U.S. Department of

Justice following Flowserve’s acquisition of the Ingersoll-Dresser Pump Co.,

which the government approved in July 2000.

The MAN Turbomaschinen AG GHH BORSIG, a subsidiary of the commercial vehicle and mechanical engineering company MAN, in Oberhausen (DE), and Sulzer Ltd, Winterthur (CH), have signed an agreement for selling the complete business of Sulzer Turbo to MAN GHH BORSIG, subject to approval of the regulatory and antitrust authorities. The purchaser is acquiring the management, all employees and all sites of Sulzer Turbo.