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Penn Completes Acquisition of R. C. Dudek & Company

4 October 1999

Penn Engineering & Manufacturing Corp. Completes Acquisition of R. C. Dudek & Company, Inc.

    DANBORO, Pa.--Oct. 4, 1999--Penn Engineering & Manufacturing Corp. announced today that it has completed its previously announced acquisition of R. C. Dudek & Company, Inc.
    R.C. Dudek, headquartered in Oxnard, California, is a privately-held distributor of fasteners, and is also an authorized distributor for Penn Engineering's fastener products.

    Business Summary:

    Penn Engineering & Manufacturing Corp. is the leading manufacturer of self-clinching fasteners used by the computer, datacommunications, telecommunications, general electronics, automotive, and avionics industries. The Company's Pittman division manufactures high performance permanent magnet dc motors used in electronics, medical, data storage, and office automation applications.