PCC Flow Technologies Names Michael Clute President at Environment One Corp

Business Wire, March 30, 1999

NISKAYUNA, N.Y.--(BUSINESS WIRE)--March 30, 1999--Michael G. Clute, former president and CEO of Service Marine Industries, has assumed the role of president of Environment One Corporation, an operating company of PCC Flow Technologies, Inc. of Houston.

Former president Stephen V. Ardia is retiring.

"Environment One has embarked on a solid performance path over the last several years under the leadership of Steve Ardia," said David Norris, president of PCC Flow Technologies, Inc. "Mike Clute has proven that he can grow companies the size of E/ONE into the hundred- million-dollar range; he is a straightforward leader with the ability to harness high-level talent while building profits."

Before joining E/ONE, Mr. Clute was president and CEO of Service Marine Industries, Inc. of Morgan City, Louisiana, a $20 million company when he arrived, which grew to over $100 million by 1998. Prior to that, he was president and CEO of American Shipbuilding Company in Tampa. His experience also includes several management positions at Avondale Industries, Inc., a $500 million manufacturing firm in New Orleans, and he has also served with the Military Sealift Command in Washington, DC.

Mr. Clute is currently 44 years of age and holds a BSME from the United States Merchant Marine Academy.

PCC Flow Technologies, Inc. is a wholly owned subsidiary of Precision Castparts Corp. (NYSE: PCP), a $1.3 billion company providing diversified industrial products to the global marketplace. PCC Flow Technologies manufactures a broad range of proprietary, engineered and general-purpose fluid-management products, including fluid-handling pumps, industrial valves and fluid-measurement instruments.

Environment One Corporation is a leading manufacturer and provider of:

-- products and services for the disposal of residential sanitary

waste

-- detection systems for the protection of high-value equipment