Dover Announces Formation of Environmental Solutions Group

Posted on: Mon, 08 Feb 2010 15:37:00 EST

Symbols: DOV

NEW YORK, Feb 08, 2010 /PRNewswire via COMTEX/ --

Dover Corporation (NYSE: DOV | PowerRating) today announced that its Industrial Products segment has formed the Environmental Solutions Group ("ESG"). The newly formed ESG combines three industry-leading companies within Industrial Products' current business portfolio - Heil Environmental, Marathon Equipment Company and Bayne Machine Works - to create a leading fully integrated equipment group serving the solid waste management industry.

The new group brings together a number of premier product brands known throughout the industry for their quality, durability, reliability and unmatched service support, including: Heil - the world's leading manufacturer of refuse collection vehicles (RCVs); Ramjet - the leading US brand of waste processing compactors and balers; NexGen - a new line of recycling equipment solutions; and Bayne - the leading US brand of premium lift systems - enabling the newly created Environmental Solutions Group to offer the most comprehensive selection of waste management equipment solutions and services to the solid waste management industry.

Dover's Environmental Solutions Group will be headquartered in Chattanooga, TN, which will become the global strategic center with manufacturing locations in Ft. Payne and Vernon AL; Yerington, NV; Greenville, SC and Hillend, Scotland.

Tom Giacomini, CEO of Dover Industrial Products said, "Formation of the new Environmental Solutions Group brings together three companies with complementary businesses, products, technology, markets and customers." Giacomini further commented, "The compelling value proposition ESG offers is through its extensive in-house engineering and manufacturing capability, wide-reaching service network and industry expertise to drive customer value. ESG is focused on solving customer needs and problems through environmentally responsible products and is uniquely positioned to compete effectively in the global marketplace providing comprehensive product and service offerings to our multi-national and regional customers."

Effective immediately, Patrick Carroll will be leading the Environmental Solutions Group as President. Prior to his new role, Mr. Carroll most recently held the position of President of DE-STA-CO (a Dover Company) and has significant prior equipment experience with other major industrial companies.

About Dover Corporation

Dover Corporation is a global portfolio of manufacturing companies providing innovative components and equipment, specialty systems and support services for a variety of applications in the industrial products, engineered systems, fluid management and electronic technologies markets. For more information, please visit www.dovercorporation.com.

SOURCE Dover Corporation

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