Friday, October 06, 2006
PRESS RELEASE
RE: Walker Stainless under New Ownership
On October 6, 2006, the private investment firm Insight Equity acquired the Walker Group, including Walker Transportation, Walker Equipment, CPS Barrier and CPS Extract.

The Walker and Extract names have been synonymous with high quality stainless steel products for the dairy, food, beverage, chemical, pharmaceutical and nuclear industries:

  • Transportation tanks for hauling sanitary and chemical liquids
  • Processing and storage tanks
  • Custom stainless steel fabrications
  • Isolators for aseptic processing and potent compound containment
  • Gloveboxes for nuclear applications
  • Downflow booths and pack-off systems for powder handling
  • Engineering and design services
  • Installation, commissioning, validation and spares and service support

The operating management teams at Walker and Extract will remain in place.  In addition, Doug Chapple has joined the group as Chief Executive Officer, based in New Lisbon, Wisconsin.  Doug commented we are extremely excited about the opportunities to successfully grow Walker and Extract, building on the excellent reputation their products have in the industries they serve.

Further information about Walker operating units is as follows:

Walker Transport  based in New Lisbon, Walker Transport manufactures sanitary and chemical trailers for transporting liquids.  Phone:  608-562-7500. Web: www.walkertransport.com

Walker Engineered Products (formerly Walker Equipment Group)  based in New Lisbon, Walker Engineered Products designs and manufactures processing and storage tanks, as well as custom fabrications.  Phone:  608-562-7500. Web: www.walkerEP.com
 
Walker Barrier Systems (formerly CPS Barrier)  based in New Lisbon, Walker Barrier Systems designs and manufactures barrier isolator  systems used for aseptic processing and potent compound containment.  Phone:  608-562-7700. Web: www.walkerbarrier.com

Extract Technology (formerly CPS Extract) � based in Huddersfield, U.K. Extract Technology designs and manufactures products for containment of potent compounds, including downflow booths, pack-off systems and isolators.  Phone:  +44 1484 432727. Web: www.extract-technology.com

Although our current address and telephone numbers will remain the same, e-mail addresses will, in time, be changed, and these will be communicated accordingly.

Walker and Extract look forward to further enhancing the products and services provided to the customers they serve.

Contact:
Brad Walker
CFO
Walker Stainless Equipment Company LLC
Tel: 608-562-7500
Web: www.walkerstainless.com

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