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AMETEK Solution City
| AMETEK ACQUIRES HAYDON ENTERPRISES - Leading Provider of High-Precision Motion Control Products |
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AMETEK ACQUIRES HAYDON ENTERPRISES
Paoli, PA, July 1, 2010 -- AMETEK, Inc. (NYSE: AME) today announced that it has acquired Haydon Enterprises, a leading manufacturer of high-precision motion control products, from the Harbour Group, a St. Louis-based private equity group, for approximately $270 million in cash. The acquisition of Haydon Enterprises is expected to add approximately $0.05 per diluted share to 2010 earnings and approximately $0.13 per diluted share to earnings in AMETEK’s first year of ownership. |