Press Release

Acquisition of Pneumadyne, Inc. by Bimba Manufacturing Company

University Park, IL - August 1, 2012 - Bimba Manufacturing Company, an industry-leading provider of pneumatic, hydraulic and electric solutions, today announced the completion of its acquisition of Pneumadyne, Inc.  Headquartered in Plymouth, MN, Pneumadyne has been an innovative manufacturer of pneumatic components and control systems for over 35 years.  Their products are used for fluid control by a wide variety of industries throughout the world.

According to Pat Ormsby, President of Bimba, "This acquistion reflects Bimba's ongoing commitment to developing capabilities that address customer needs.  Adding Pneumadyne's specialty products provides strategic value in our key industries and reflects our long-term commitment to growth.  We fully expect this transaction will strengthen Bimba and complement our product offerings."

This acquisition is an opportunity for Pneumadyne to expand upon its own reputation for service and quality.  The company will continue to operate in its present location.

About Bimba

Bimba Manufacturing is a forward-thinking innovator of actuation technology, specializing in providing cutting-edge solutions to engineering challenges.  Including its brands, TRD, Mead and MFD, Bimba markets an extensive line of industry-leading products including pneumatic, hydraulic and electric actuators, valves, fittings, air preparation and a variety of safety and production solutions.  In addition to its broad line of standard catalog products, the company's business develops many custom and semi-custom products designed for specific customers and applications.  These products, used in machinery and automation, are sold to original equipment manufacturers and end-users throughout the world in an expanding variety of industries.  For more information, visit bimba.com.