ACQUISITION OF BEDFORD BASED CASELLA MEASUREMENT LIMITED BY USA IDEAL INDUSTRIES INCORPORATED IS GOOD NEWS FOR BUSINESS

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Source: Casella

Casella Measurement Ltd, the UK's most comprehensive manufacturer and provider of environmental services and technologies, is pleased to announce that as of 06 April 2006 it has been acquired by IDEAL Industries Inc., a US corporation employing over 1000 people worldwide and based in Sycamore just outside Chicago, Illinois.

IDEAL Industries Inc., is one of the USA’s largest manufacturers of wire connectors and manufacture a wide range of electrical tools and supplies, along with electrical and telecoms test equipment.

James Pfotenhauer, IDEAL Industries Inc., Vice President of Finance, comments:

“IDEAL has been in business since 1916. The acquisition of Casella Measurement with over 200 years of trading history is another important step for IDEAL as we continue to grow both internationally and in market coverage. This is the fourth acquisition in the test and measurement area for IDEAL in the last five years and the third in Europe during the same period.”

Paul Rubens, Managing Director for Casella Measurement, adds:

“To be a part of IDEAL and the IDEAL business approach is good news for our customers, our distributors and our staff. We will be able to accelerate our plans for growth in this important environmental sector. ”

Casella Measurement Ltd, based in Bedford, UK, employs 130 staff and comprises Casella CEL, the leading manufacturer of health and safety monitoring products; Casella ETi, the leading supplier of Air Quality systems and services; Monitor Europe, manufacturer of ambient gas analysers, Darwin Hire, Casella USA and Casella Espana.

There will be no restructuring arising from the acquisition and all businesses will continue to trade as normal and are unaffected by the change in ownership.

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