ST. LOUIS, June 14 /PRNewswire-FirstCall/ -- ESCO Technologies Inc. today announced the sale of its final Microfiltration and Separations (MicroSep) business, PTI S.p.A., to a group of investors comprised of the subsidiary’s senior management. PTI S.p.A., a manufacturer of filtration elements and systems for commercial applications, is located in Milan, Italy. The sale price was consistent with Management’s previous expectations.
Vic Richey, Chairman and Chief Executive Officer, commented, “We are pleased to have completed the last major step of the MicroSep divestiture. The completion of this transaction allows us to concentrate our attention and investments on our core operations.”
ESCO, headquartered in St. Louis, is a leading supplier of engineered filtration products to the process, health care and transportation markets worldwide. In addition, the Company markets proprietary, special purpose communications systems and is the industry leader in RF shielding and EMC test products.
ESCO Technologies Inc.
CONTACT: CONTACT: Patricia K. Moore, Director, Investor Relations, ofESCO Technologies Inc., +1-314-213-7277; or media, David P. Garino, ofFleishman-Hillard, +1-314-982-0551, for ESCO Technologies Inc.
