Announces the Acquisition of the Liquid Vortex Flow Meter Product line from Asahi/America, Inc.

April 13, 2007
Racine Federated Inc. (RFI), President and CEO John E. Erskine and Harry Aiba, CEO and Chairman of the Board of Asahi/America, Inc. of Malden, MA announce the signing of an agreement for the acquisition of the Asahi/America vortex flow meter product lines by Racine Federated. Asahi/America, Inc., a manufacturer and distributor of corrosion resistant thermoplastic fluid flow solutions including valves, actuators, and industrial, dual containment and high purity piping systems, will no longer sell, service or support the Universal Vortex Flow Meter and FloSonex Ultrasonic Flow Meter product lines. Racine Federated of Racine, WI has taken ownership of Asahi/America’s entire flow meter stock and has assumed responsibility for all operations surrounding both product lines. “The Asahi/America vortex products will be an excellent complement to RFI's current product family," said Erskine. "We are excited about the new market opportunities this creates for Racine Federated’s flow measurement group.” “Asahi/America and RFI have worked together on this project for several months, and I am pleased to see it come to a positive end result,” stated Aiba. “Racine Federated has agreed to take full ownership of stock and warranty responsibility for both Vortex Flow Meter lines,” stated Dan Anderson, Asahi/America’s Vice President of Sales and Marketing. “We feel this will allow Asahi/America to dedicate more resources to our core product lines including thermoplastic valves, actuators and piping systems.” The addition of this vortex shedding product line enhances RFI's broad offering of flow measurement equipment and fluid management solutions. It will be fully integrated into the Racine, WI facility by the third quarter of 2007, including the construction of a Class1000 certified clean room for meter production, especially for semiconductor and other industries with such requirements. In addition to vortex-shedding, RFI’s flow meter group also offers the following technologies: Ultrasonic, Turbine, Insertion Electromagnetic, Variable Area, and Differential Pressure Primary Flow Elements. RFI’s flow meter group serves the pulp & paper, chemical & petroleum processing, water & waste treatment, general industrial, automotive production, food & beverage, semiconductor capital equipment, HVAC, energy and fluid power markets.