Freudenberg Filtration Technologies in India acquires Pyramid Filters Private Limited

Weinheim. Pune/India. March 5, 2012. Freudenberg Filtration Technologies India Private Limited has signed an agreement to acquire the business of Pyramid Filters Private Limited, with effect from April 1, 2012. With approximately 60 employees, the company develops air filter elements and systems for cleanroom applications in the pharmaceutical, medical, food and chemical industries. In 2010 Pyramid Filters generated sales of several million Euros.

Freudenberg Filtration Technologies India provides high-efficient industrial and automotive filter elements and systems, as well as system solutions for capacity and efficiency enhancement in gas turbines and compressors.

Dr. Andreas Kreuter, Managing Director of Freudenberg Filtration Technologies explains: "Founded in 1998, Pyramid Filters enjoys an excellent reputation in India, thanks to its comprehensive filter range for suspended particles and its renowned services. Based on Pyramid's very strong market position, we will be able to add new products to our already broad portfolio and offer our customers further services."

Dr. Kirti Kelkar, Founder and Director of Pyramid Filters India Pvt. Ltd., commented: "We are glad to have found in Freudenberg Filtration Technologies a partner with whom we can jointly develop world class cleanroom filtration solutions. Our existing customers will benefit from Freudenberg Filtration Technologies' expertise in application engineering and their position as one of the global technological leaders in filtration."

In addition to managing directors Gnanasekharan Ramesh and Rakesh Nathwani, Dr. Kelkar will join the management team of Freudenberg Filtration Technologies India Pvt. Ltd., and will continue to be responsible for cleanroom technology. "Together, we look forward to providing value to our customers through the combined global and local expertise offered by the new team", Ramesh concludes.

Located in the city of Pune, Freudenberg Filtration Technologies India serves technically demanding industries, like automotive, pharmaceuticals, hospitals, petrochemicals, energy, fertilizers, food & beverage, steel and cement. With the "Viledon® eee.Sy" program, Freudenberg Filtration Technologies India provides system solutions for capacity and efficiency enhancement of turbo-compressors and gas turbines. Freudenberg Filtration Technologies India is well represented all across India, Pakistan and Bangladesh with sales offices in several cities in close proximity to its customers.Freudenberg Filtration Technologies belongs to the Freudenberg Group which offers its customers state-of-the-art technical product solutions and services. The Freudenberg Group is first and foremost a supplier specializing in seals and vibration control technology, nonwovens, filtration, lubricants and release agents as well as mechatronic products and consumer household products. In 2010, the Freudenberg Group employed about 34,000 people in 59 countries and generated sales of more than €5.4 billion.

About Freudenberg Filtration Technologies
Headquartered in Weinheim, Germany, Freudenberg Filtration Technologies employs about 1,300 associates at more than 30 locations around the world. The company develops, manufactures and markets a comprehensive filter program and services. Freudenberg's filtration solutions are used in many applications, in particular as micronAir® cabin air and engine intake air filters for the automotive industry and Viledon® air filters in various industrial applications, complemented by solutions for liquid filtration and health protection.

About Freudenberg in India
Freudenberg has held business ties with customers and partners in India for nearly 100 years where it has a workforce of more than 2,300 associates at eleven locations and generated sales of about €100 million in 2010. The Group operates at over 27 facilities in India and maintains a long-term commitment to the Indian market.

About Pyramid
Pyramid Filters Private Limited is based in Pune, India and develops and manufactures filtration solutions for cleanrooms. The company has a decades-long experience in the design and manufacturing of filters and equipment for cleanroom applications. Pyramid filters are successfully used by global pharmaceutical companies, cleanroom equipment and HVAC Original Equipment Manufacturers (OEM). Pyramid Filters employs about 60 people at its manufacturing site in Pune, Maharashtra.