Pentair Pump Division Consolidating Ashland
to Prepare for Future Growth
DELAVAN, Wisc. (Aug. 19, 2004) – The Pump Division of Pentair, Inc.
(NYSE: PNR), today announced that it plans to consolidate its Ashland, Ohio,
pump manufacturing facilities to better position the business for future growth.
Today’s announcement opens a period in which Pentair Pump and the
unions representing workers at Ashland North and Ashland South will negotiate
to achieve a consolidation outcome that is as beneficial as possible for the
company and employees. Pentair Pump at this time intends to retain as many of
the jobs currently in Ashland as possible, but the company stated that some job
losses are likely.
The company stated it plans to announce a final decision on the
consolidation plan by September 17, and the affected facility could close by the
end of 2004.
At this time, the Pentair Pump Division believes that maintaining the
Ashland North facility creates the most significant benefits for the business and
its employees. Currently, the company owns the Ashland North facility, giving it
value as a long-term asset. It leases the Ashland South facility, incurring fixed
All existing brands and product lines will be supported throughout the
bargaining and consolidation processes. “There are no planned brand or product
line changes as a result of this decision,” said Bill Waltz, president of the Pentair
Pump Division. “Through this consolidation, we will better position the company
to provide the superior products and service our customers expect.”
The company decided to consolidate the facilities after analysis,
conducted during the planning process for its recently completed acquisition of
WICOR Industries, identified significant excess manufacturing costs in
maintaining two Ashland pump manufacturing plants.
“We are proud of the work Pentair Pump employees have performed at
both facilities,” said Waltz. “These changes are not occurring because of poor
performance. They are occurring so Ashland is better positioned to contribute to
the growth of the business.”
Kevin Long, director of human resources in Ashland, said that the final
decision could result in a loss of jobs. “Pentair Pump’s commitment to the
Ashland community is not changing. However, in this process, it is likely that we
will eliminate some jobs.” The company stated that, upon the final decision, it
would announce job changes and assistance for affected employees. “Until a
final decision is made as to this consolidation, it is premature for us to speculate
about job losses.”
The Ashland South facility currently manufactures Hydromatic products,
one of the industry’s most diversified lines of wastewater pumps for the domestic
and international municipal, industrial, commercial and residential markets. The
Ashland North facility currently manufactures the Myers lines of jet and
submersible well pumps; utility, sump and sewage pumps; effluent pumps; nonclog
and other large waste- handling pumps; and high-pressure reciprocating and
centrifugal pumps and pumping systems for residential, agricultural, commercial,
municipal and industrial applications in domestic and international markets.
About Pentair Pump Group
The Pentair Pump Group is a wholly owned subsidiary of Pentair, a diversified
industrial manufacturer that employs over 17,200 people globally with 2003 sales
of $2.7 billion. Prior to the acquisition of WICOR in 2004, Pentair acquired the
General Signal Pump Group in August, 1997.
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