Dec 28, 2000

Osmonics to Close Phoenix Facility

Minnetonka, Minn., Jan. 25 -- In a continuing
effort to rationalize product lines and to reduce excess manufacturing capacity,
Osmonics has announced plans to close its Phoenix facility by the end of the
third quarter 2000.
The major product lines will be moved to other
Osmonics manufacturing locations where there is available capacity. The Orec™
ozone generator product line will be relocated to the recently expanded,
state-of-the-art manufacturing facility within Osmonics' headquarters, located
in Minnetonka, Minnesota. The Lakewood Instruments™ product line will be
relocated to Osmonics' electrical assembly center in Milwaukee, Wisconsin.
Employees are being offered either transfers or
severance packages.
Osmonics is a leading manufacturer and worldwide
marketer of high-technology water purification and fluid filtration, fluid
separation, and fluid handling equipment, as well as the replaceable components
used in purification, filtration, and separation equipment. These products are
used by a broad range of industrial, commercial, and institutional customers.
SOURCE: Osmonics