NEWS

July 2, 2007 - Pak/Teem, furthering its strategy to deliver single-source solutions for the consumer products industry announced today that it has acquired the assets of Air Filters & Equipment LLC (AF&E), a filter manufacturer and media supplier based in Rock Hill, SC. The acquisition, which adds more than $2 Million in revenue and 17 employees, expands Pak/Teem’s product offerings to include: engineering, equipment manufacturing and filtration services.

“There is a growing need for increasingly sophisticated air filtration systems and equipment,” said James Wilkinson, President and Chief Executive Officer of Pak/Teem. “Our customers are constantly searching for ways to improve the quality of their products. At the same time, they also want to improve the environment for their employees and neighbors. With this acquisition, Pak/Teem is uniquely positioned to serve its customers’ needs and meet the demand.”

“My father and I are delighted with the opportunity to assist in creating a company that will truly provide turnkey dust control/industrial ventilation solutions,” said Chris Kennington,” General Manager of AF&E. “Combining Pak/Teem’s capability to analyze and capture dust or vapors at the source with our filtration expertise sets us completely apart from other filter manufacturers.”

As part of the acquisition, Chris Kennington has become a Principal and General Manager of AF&E in Rock Hill, SC. Ken Kennington, founder of AF&E, will remain on staff as a consultant.

Cincinnati-based Pak/TEEM, Inc., founded in 1989, provides turnkey solutions for a broad spectrum of industrial clients. Pak/Teem offers a unique blend of engineering, manufacturing and industrial maintenance services. Pak/Teem’s areas of expertise include industrial ventilation, material handling, packaging systems integration, custom fabrication and machining. For more information, please visit www.pakteem.com.

Air Filters and Equipment, established in 1989, has over 70 combined years experience in the air filtration and air handling industry. AF&E offers systems design, in-house manufacturing, and technical services for all types of filtration. AF&E has a large industrial and manufacturing customer base from textiles to paper, and many others. AF&E provides advanced, cost effective air filtration equipment, replacement filters, and other accessories for the filter industry. For more information, please visit www.airfilterequipment.com.