Dover Forms Environmental Solutions Group (ESG)

Chattanooga, TN. (April 27, 2010) — Dover Corporation (NYSE: DOV) recently 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 Premium Lift Systems – 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 U.S. brand of waste processing compactors and balers; NexGen, a brand of recycling equipment including horizontal balers and conveyor systems; and Bayne, the leading U.S. brand of premium hydraulic lift systems. The combination of these brands enables 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 and will manage activities at manufacturing locations in Fort 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."
 
Patrick Carroll has been named to lead 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 equipment companies.