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SPX's DeZURIK Business to Acquire Copes-Vulcan

5 September 2000

SPX's DeZURIK Business to Acquire Copes-Vulcan

    MUSKEGON, Mich., Sept. 5 SPX Corporation today
announced that its DeZURIK business has signed a definitive agreement to
acquire the US and UK assets of Copes-Vulcan.  The transaction is expected to
be completed within 30 days, subject to Hart Scott Rodino review.
    John B. Blystone, Chairman, President and Chief Executive Officer of SPX
Corporation said, "Each of our businesses is focused on profitable growth and
this acquisition will provide DeZURIK with new technology and complementary
products and services while expanding its customer base.  Together DeZURIK and
Copes-Vulcan will better serve process industries around the world with
recognized quality process performance solutions."
    Copes-Vulcan has revenues of approximately $30 million.  Located in Lake
City, Pennsylvania, and Winsford, England, Copes-Vulcan is a manufacturer of
control valves, desuperheater and turbine bypass systems, and associated
control equipment for severe duty and general service process market
requirements worldwide.