CLARCOR Completes Merger of Its Facet Operations with Perry Equipment Corporation

Business Wire, Dec 3, 2007

FRANKLIN, Tenn. -- CLARCOR Inc. (NYSE: CLC) today announced that it has completed its previously announced acquisition of Perry Equipment Corporation ("Peco"), a privately-owned manufacturer of engineered filtration products and technologies used in a wide array of industries, including oil and natural gas, refining, power generation, petrochemical, food and beverage, electronics, polymers and pulp and paper. Peco is based in Mineral Wells, Texas with operations in Mexico, Canada, U.K., Italy, Romania, Malaysia and China. Peco will be merged with CLARCOR's Facet operations with its headquarters based in Mineral Wells. Its results will be included as part of CLARCOR's Industrial/Environmental Filtration segment. The purchase price is approximately $163 million and is expected to be accretive to CLARCOR's 2008 earnings.

CLARCOR is based in Franklin, Tennessee, and is a diversified marketer and manufacturer of mobile, industrial and environmental filtration products and consumer and industrial packaging products sold in domestic and international markets. Common shares of the Company are traded on the New York Stock Exchange under the symbol CLC. Further information on CLARCOR is available on the CLARCOR website at www.clarcor.com.

Perry Equipment Corporation is based in Mineral Wells, Texas and is a manufacturer of filtration products and solutions. Further information on the company and its products is available on the Peco website at www.perryequipment.com.

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