CLARCOR Acquires Filter Resources Group

FRANKLIN, Tenn.--(BUSINESS WIRE)--CLARCOR Inc. (NYSE: CLC) today announced that it has acquired Filter Resources, Inc., Filtration Inc. and Fabrication Specialties, Inc. - related companies that manufacture and distribute filters to the petrochemical and refining industries, predominately in the Texas Gulf Coast and Louisiana region. The acquired business has annual revenue of approximately $20 million and will be part of CLARCOR’s PECOFacet group of companies, which is included within CLARCOR’s Industrial/Environmental Filtration segment. The acquisition is not anticipated to be materially accretive or dilutive to CLARCOR’s 2015 earnings.