CHARLOTTE, N.C., July 7 /PRNewswire-FirstCall/ -- SPX Corporation
(NYSE: SPW) today announced that it has completed the sale of its Air
Filtration business unit to The Riverside Company. The company reported
this business unit as a discontinued operation at the end of the third
quarter 2007.
The terms of the sale were not disclosed.
SPX Corporation is a Fortune 500 multi-industry manufacturing leader.
The company offers highly-specialized engineered solutions to solve
critical problems for customers.
SPX is focused on providing solutions that support the expansion of
global infrastructure, with particular emphasis on the growing worldwide
demand for energy and power. Its innovative product portfolio, containing
many environmentally friendly products, includes cooling systems for power
plants throughout the world; custom engineered process equipment that
assists a variety of flow processes including food and beverage
manufacturing, oil and gas exploration, distribution and refinement and
power generation; handheld diagnostic tools that aid in vehicle maintenance
and repair; and power transformers that regulate voltage for electrical
transmission and distribution by utility companies.
SPX is headquartered in Charlotte, North Carolina and employs more than
17,000 people worldwide in over 35 countries. Visit http://www.spx.com . (NYSE:
SPW)
Certain statements in this press release, including any statements as
to the results of the transaction, may be forward-looking statements within
the meaning of Section 21E of the Securities Exchange Act of 1934, as
amended, and are subject to the safe harbor created thereby. Please refer
to our public filings for a discussion of certain important factors that
relate to forward-looking statements contained in this press release.
Although the company believes that the expectations reflected in its
forward-looking statements are reasonable, it can give no assurance that
such expectations will prove to be correct. Statements in the press release
speak only as of the date of this press release, and SPX disclaims any
responsibility to update or revise such statements.
SOURCE SPX Corporation
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Related links:
http://www.spx.com
CONTACT:
Investors, Jeremy W. Smeltser,
+1-704-752-4478, investor@spx.com, or Media, Jennifer H. Epstein,
+1-704-752-7403, jennifer.epstein@spx.com
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