Harbour Group Acquires Alemite LLC

Jan 24, 2006, 00:00 ET from Harbour Group

    ST. LOUIS, Jan. 24 /PRNewswire/ -- Harbour Group, through an affiliate,
 has acquired Alemite LLC, a leading supplier of lubrication and fluid handling
 equipment and systems, Sam Fox, Harbour Group's Chairman and Chief Executive
 Officer, announced today.  Terms of the transaction were not disclosed.
     Alemite, headquartered at Fort Mill, S.C., designs and manufactures a wide
 range of lubrication equipment under the Alemite brand name.  The company's
 products enjoy leading market shares and include pumps, reels, grease
 fittings, manual and powered grease guns, automatic lubrication equipment, and
 other related accessories.  Alemite sells its products through industrial
 distributors to a broad range of general industries, as well as directly to
 industrial and transportation OEM's, petroleum equipment distributors, and
 into the automotive aftermarket.  The company maintains a website at
 http://www.alemite.com .
     Alemite will join Lincoln Industrial Corporation as part of Harbour
 Group's Lubricating Systems Group.  Mr. Fox commented, "This acquisition is
 another great example of Harbour Group's commitment to market-leading
 companies.  Alemite has a long history of product innovation and was a pioneer
 in the development of modern lubrication.  We are excited to offer our
 customers two of the leading brand names in the industry -- Alemite and
 Lincoln. We have a long history of building businesses and will continue to
 aggressively grow our Lubricating Systems Group, both organically and through
 complementary acquisitions in what remains a fragmented market."
     "Alemite and Lincoln complement each other extremely well," commented Bart
 Aitken, President of the Lubricating Systems Group.  "The combination
 increases our distribution reach and broadens our product offerings, enabling
 us to better serve our customers.  Importantly, we plan to maintain
 differentiated Alemite and Lincoln product lines and to continue selling
 through both the outstanding Alemite and Lincoln distribution channels in the
 same way we do today.  We are excited about the opportunity to continue to
 grow both businesses."
     "The acquisition of Alemite is great for the company and great for our
 customers.  It allows us to continue growing our business while maintaining
 the same standards of quality and innovation for which Alemite products are
 known," said Dana Waterman, President and Chief Executive Officer of Alemite.
 "We look forward to this association with Harbour Group and Lincoln Industrial
 and to continuing to provide Alemite customers with outstanding products and
     Harbour Group is a privately owned company based in St. Louis, Missouri.
 In addition to lubricating systems and equipment, Harbour Group and its
 operating companies are engaged in a variety of activities including the
 manufacture and distribution of a wide range of consumer and industrial
 products.  Harbour Group maintains a website at http://www.harbourgroup.com .

SOURCE Harbour Group