Mr. De Hont: In September of 1966, Walter Everett acquired Met-Pro, then a one-building metal fabrication shop. He began converting Met-Pro into an environmental company when he obtained contracts to build water purification units for the U.S. Army. Recognizing that he did not want to be totally dependent on government business, Mr. Everett took the company public and obtained funds to begin to acquire companies that would allow Met-Pro to diversify into commercial business. Through numerous acquisitions and internal growth, Met-Pro has evolved into what it is today, a leading niche-oriented manufacturer of product recovery/pollution control equipment for purification of air and liquids, and fluid handling equipment for corrosive and high temperature liquids. Today, Met-Pro's Product Recovery/Pollution Control Equipment segment is composed of: Systems Division, our original core business, which is a leader in the supply of custom designed and manufactured air and water pollution control systems; Stiles-Kem Division, acquired in 1970, a leading manufacturer of safe and reliable water treatment compounds, which are used in the public drinking water industry; Sethco Division, acquired in 1972, which designs, manufactures and sells corrosion resistant pumps, filter chambers and filter systems; Duall Division, acquired in 1988, a leading manufacturer of industrial and municipal air and water quality control systems; Strobic Air Corporation, acquired in 1996, which designs, manufactures and holds numerous patents on specialty blowers and industrial fans for industrial applications including university laboratories, hospitals, semiconductor manufacturers, government laboratories, pharmaceutical, chemical, petrochemical plants and other testing laboratory facilities; Flex- Kleen, acquired in 1998, a leading supplier of dry particulate collectors that are used primarily for product collection; and Pristine Hydrochemical, acquired in 2002, which sells the Pristine Polymer product line with its chlorine dioxide treatment program, boiler and cooling chemicals and services to municipal, industrial and commercial markets. Our Fluid Handling Equipment segment is composed of: Fybroc Division, which was spawned from Sethco Division, and is a world leader in the manufacture of fiberglass reinforced thermoset plastic centrifugal pumps; Keystone Filter Division, acquired in 1972, a custom pleater and cartridge manufacturer; Dean Pump Division, acquired in 1984, which designs and manufactures high quality centrifugal pumps that handle a broad range of industrial applications; and Mefiag, acquired in 1993, which designs and manufactures filter systems utilizing horizontal disc technology for superior performance, particularly in high efficiency, high flow applications.
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