Dresser Acquires Elliott Valve Assets

Provides Entry into Flow Control Aftermarket

Dallas, Texas, UNITED STATES


DALLAS, Sept. 26, 2001 (PRIMEZONE) -- Dresser, Inc. today announced it has acquired the assets of Elliott Valve, Ltd., based in Houston, for an undisclosed amount of cash. Elliot Valve distributes, repairs and reconditions valves, actuators and related products and is a long-time distributor of Dresser products.

Stuart Brightman, President of Dresser Flow Control Americas, stated, "The Elliott acquisition gives us an entry into an aftermarket that is important for Dresser, and it will also enable us to expand the service offering to customers of our flow control product line." Dresser acquired Elliott's operations and equipment in the transaction and has the non-exclusive rights to use the Elliott Valve name for marketing purposes.

Headquartered in Dallas, Dresser, Inc. is a worldwide leader in the design, manufacture and marketing of highly engineered equipment and services sold primarily to customers in the flow control, and measurement and power systems segments of the energy industry. Dresser has a widely distributed global presence, with more than 8,500 employees and a sales presence in more than 100 countries worldwide. The company's Website can be accessed at www.dresser.com.

Safe Harbor Statement

Certain statements made herein concerning anticipated future performance are forward-looking statements. These forward-looking statements are based on estimates, projections, beliefs and assumptions of management and are not guarantees of future performance. Actual future performance, outcomes and results may differ materially from those expressed in forward-looking statements as a result of a number of important factors. Representative examples of these factors include (without limitation) the cyclical nature of the industries served by the Company, which can be affected by factors outside the company's control; the general economy; the demand for the company's products and services; and the amount of debt the company must service. This list of factors is not intended to be exhaustive. Additional information concerning relevant risk factors can be found in the company's Registration Statement on Form S-4, filed with Securities and Exchange Commission. All forward-looking statements made in this press release are expressly qualified by reference to the disclosure in that Registration Statement.



        

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