Displaying items by tag: Gardner Denver Nash

Gardner Denver, Inc. (NYSE: GDI) announced today that it has issued a notice to redeem all $125,000,000 in aggregate principal amount of its outstanding 8% Senior Subordinated Notes due 2013 (the "Notes"). The Notes will be redeemed on May 2, 2011 at a redemption price equal to 100% of the principal amount thereof, plus accrued and unpaid interest to, but not including, the date of redemption. Gardner Denver, Inc. plans to finance the redemption using available cash and borrowings under its revolving credit facility.

A Notice of Redemption, which more fully describes the terms and conditions of redemption or conversion, is being sent to all registered holders of the Notes. Questions relating to, and requests for copies of, the Notice of Redemption should be directed to The Bank of New York Mellon Trust Company, N.A., the trustee and paying agent with respect to the Notes, at 111 Sanders Creek Parkway, East Syracuse, New York 13057, Attn: Debt Processing Group, or by phone at 001 (800) 254-2826.

Gardner Denver, Inc., with 2010 revenues of approximately $1.9 billion, is a leading worldwide manufacturer of highly engineered products, including compressors, liquid ring pumps and blowers for various industrial, medical, environmental, transportation and process applications, pumps used in the petroleum and industrial market segments and other fluid transfer equipment, such as loading arms and dry break couplers, serving chemical, petroleum and food industries. Gardner Denver's news releases are available by visiting the Investors section on the Company's website (www.GardnerDenver.com).

Cautionary Statement Regarding Forward-Looking Statements All of the statements in this release, other than historical facts, are forward-looking statements made in reliance upon the safe harbor of the Private Securities Litigation Reform Act of 1995. As a general matter, forward-looking statements are those focused upon anticipated events or trends, expectations, and beliefs relating to matters that are not historical in nature. Such forward-looking statements are subject to uncertainties and factors relating to the Company's operations and business environment, all of which are difficult to predict and many of which are beyond the control of the Company. The actual future performance of the Company could differ materially from such statements. Risks that could cause results to differ materially from those matters expressed in or implied by such forward-looking statements are set forth under "Risk Factors" in the Company's Form 10-K for the fiscal year ended December 31, 2010. The Company does not undertake, and hereby disclaims, any duty to update these forward-looking statements, although its situation and circumstances may change in the future.

SOURCE: Gardner Denver, Inc.

Gardner Denver, Inc. has announced that Frank J. Hansen, Chairman of the Board of Directors, has decided to retire following the November 2011 Board Meeting after having reached the customary Board retirement age. The Board has unanimously appointed Diane K. Schumacher member of the Gardner Denver, Inc. Board of Directors since 2000, to succeed Mr. Hansen as Chairperson upon his retirement.

Mr. Hansen was appointed Chairman, in a non-executive capacity, in May 2008 and has been a director of Gardner Denver, Inc. since June 1997. In addition, Mr. Hansen served as Lead Nonemployee Director from November 2002 until his appointment as Chairman of the Board in May 2008.

"Frank Hansen's guidance and dedicated service to Gardner Denver over the past fourteen years has been invaluable. On behalf of the Board of Directors, shareholders and employees of the Company, I thank him for his many contributions," said Barry L. Pennypacker, Gardner Denver's President and Chief Executive Officer. "His tremendous knowledge of our industry and extensive business experience has been a key asset to Gardner Denver's growth and success and will be greatly missed."

Diane K. Schumacher has been a director of Gardner Denver since August 2000 and is currently Chairperson of the Nominating and Corporate Governance Committee. Mrs. Schumacher served as Senior Vice President, General Counsel and Secretary of Cooper Industries, Ltd., a company engaging in the manufacture and sale of electrical products and tools, from 1995 to 2003, and was Senior Vice President, General Counsel and Chief Compliance Officer until August 2006. She served as Special Counsel to the CEO of Cooper from September 2006 until her retirement from Cooper in September 2008.

"Over the past decade, Diane's experience, business acumen and forward thinking have been instrumental to the Board of Directors," said Mr. Pennypacker. "As Chairperson, she will be a valuable leader, especially as we continue the Company's evolution through the Gardner Denver Way."

Gardner Denver, Inc., with 2010 revenues of approximately $1.9 billion, is a leading worldwide manufacturer of highly engineered products, including compressors, liquid ring pumps and blowers for various industrial, medical, environmental, transportation and process applications, pumps used in the petroleum and industrial market segments and other fluid transfer equipment, such as loading arms and dry break couplers, serving chemical, petroleum and food industries. Gardner Denver's news releases are available by visiting the Investors section on the Company's website (www.GardnerDenver.com).

Gardner Denver, Inc. has announced the appointment of Michael M. Larsen as Vice President and Chief Financial Officer, effective October 11, 2010. Mr. Larsen succeeds Helen W. Cornell, who has served in this capacity since 2004 and previously advised the Company of her intention to retire to enable her to increase her involvement in family business matters. Mrs. Cornell will remain with the Company during a transition period, which is expected to be completed in November 2010.

Prior to joining Gardner Denver, Mr. Larsen was Chief Financial Officer, General Electric (GE) Water & Process Technologies, a global organization with revenues of approximately $2 billion and 7,500 employees. His previous experience includes more than 15 years with General Electric Company (NYSE: GE), where he served in a variety of financial leadership roles in GE Plastics, GE Industrial, GE Energy Services and GE Power & Water. He joined GE's European Healthcare organization in Paris, France in 1995 and served on GE's Corporate Audit staff for six years. Additionally, Mr. Larsen worked in the banking industry in Denmark and Luxembourg during the early years of his career.

Mr. Larsen received a Bachelor of Arts degree in International Economics from the American University of Paris and MBA's from Columbia University and London Business School.

"I am very pleased that Michael has decided to join Gardner Denver," said Barry L. Pennypacker, Gardner Denver's President and Chief Executive Officer. "He brings a breadth of financial expertise that has been accumulated during his career at GE and will provide a global perspective in his financial leadership of our organization as we make acquisitions, drive organic growth and continue our journey to operational excellence through 'The Gardner Denver Way.' I want to personally thank Helen for her commitment to making Gardner Denver a better company every day, and wish her all the best in her future endeavors."

"I am excited to be joining Gardner Denver," said Mr. Larsen. "I am looking forward to contributing with the aim of growing the Company into a larger, more profitable organization."

Gardner Denver, Inc., with 2009 revenues of approximately $1.8 billion, is a leading worldwide manufacturer of highly engineered products, including compressors, liquid ring pumps and blowers for various industrial, medical, environmental, transportation and process applications, pumps used in the petroleum and industrial market segments and other fluid transfer equipment, such as loading arms and dry break couplers, serving chemical, petroleum and food industries. Gardner Denver's news releases are available by visiting the Investors section on the Company's website (www.GardnerDenver.com).

Cautionary Statement Regarding Forward-Looking Statements All of the statements in this release, other than historical facts, are forward-looking statements made in reliance upon the safe harbor of the Private Securities Litigation Reform Act of 1995. As a general matter, forward-looking statements are those focused upon anticipated events or trends, expectations, and beliefs relating to matters that are not historical in nature. Such forward-looking statements are subject to uncertainties and factors relating to the Company's operations and business environment, all of which are difficult to predict and many of which are beyond the control of the Company. The actual future performance of the Company could differ materially from such statements. Risks that could cause results to differ materially from those matters expressed in or implied by such forward-looking statements are set forth under "Risk Factors" in the Company's Form 10-K for the fiscal year ended December 31, 2009, and its subsequent quarterly reports on Form 10-Q. The Company does not undertake, and hereby disclaims, any duty to update these forward-looking statements, although its situation and circumstances may change in the future.

Contact:
Helen W. Cornell
Executive Vice President, Finance and CFO
001 (217) 228-8209

SOURCE: Gardner Denver, Inc.

Gardner Denver Nash has started a contest to find the oldest Nash pump. The submitted product must be a Gardner Denver Nash manufactured liquid ring vacuum pump or compressor. This includes any previous company brands, including elmo and Siemens-Schuckert. Deadline will be November 01, 2010.

Like people, most liquid ring vacuum pumps retire after 30 or 40 years. They get tired or their skills become surpassed by the younger generation. The NASH Hytor #6 pump, however, worked for 82 years before being removed for repair!

The NASH #6 pump worked on the pulp dryer machine, on a top felt Uhle box, at Simpson Tacoma Kraft Company. The plant was built in 1928 by the Union Bag Company, and the #6 was there from the start. During its 82 years, the #6 pump has seen the company change hands a number of times, but it kept on doing its job.

Retirement comes eventually of course, and the NASH #6 pump has gracefully given way to a NASH Vectra XL. The former could have kept on working with bearings replacement, but the Vectra will give the same reliability with more efficiency. Its long-time companions remain hard at work at the paper mill – including the pump on an identical Uhle box system.

Do you have an old Nash pump still running?

Nash is running a contest to see what other pumps have been working hard for many years. The person who submits the oldest pump will win a GPS NAVIGATOR! Your pump doesn’t have to be 82 years old like the one shown; it just has to be older than the other contest entries. For contest details, go to www.GDNash.com/oldestpump.aspx. Entry forms will be accepted until December 1, 2010.

Gardner Denver, Inc. (NYSE: GDI) announced today that its Board of Directors declared a quarterly dividend of $0.05 per share, payable on August 26, 2010, to stockholders of record as of August 10, 2010.

Gardner Denver, Inc., with 2009 revenues of approximately $1.8 billion, is a leading worldwide manufacturer of highly engineered products, including compressors, liquid ring pumps and blowers for various industrial, medical, environmental, transportation and process applications, pumps used in the petroleum and industrial market segments and other fluid transfer equipment, such as loading arms and dry break couplers, serving chemical, petroleum and food industries. Gardner Denver's news releases are available by visiting the Investors section on the Company's website (www.GardnerDenver.com).

Cautionary Statement Regarding Forward-Looking Statements All of the statements in this release, other than historical facts, are forward-looking statements made in reliance upon the safe harbor of the Private Securities Litigation Reform Act of 1995, including, without limitation, the statements made concerning the Company's intent to pay an annual cash dividend and the Company's financial ability and sources to fund the dividend program. As a general matter, forward-looking statements are those focused upon anticipated events or trends, expectations, and beliefs relating to matters that are not historical in nature. Such forward-looking statements are subject to uncertainties and factors relating to the Company's operations and business environment, all of which are difficult to predict and many of which are beyond the control of the Company. The Board's expectation that dividends will continue to be paid on a quarterly basis assumes that the Company's financial condition will permit the payment under Delaware law; that its operations will continue to generate sufficient cash flow to warrant the payment of a dividend and that market conditions and applicable laws and regulations make payment of a dividend appropriate. Any future dividend payments will depend upon the judgment of the Board, based upon the best interests of the Company, its stockholders and other constituents, and will be made only at the Board's discretion. Further risks that could cause actual results to differ materially from those matters expressed in or implied by such forward-looking statements are set forth under "Risk Factors" in the Company's Form 10-K for the fiscal year ended December 31, 2009, and its subsequent quarterly reports on Form 10-Q. The Company does not undertake, and hereby disclaims, any duty to update these forward-looking statements, although its situation and circumstances may change in the future.

Contact:
Helen W. Cornell
Executive Vice President, Finance and CFO
(217) 228-8209

SOURCE: Gardner Denver, Inc.

Gardner Denver Nash extends its expertise in the market for liquid ring pumps with high volume flow rates with the new NASH 2BE4 model. The NASH 2BE4 was adapted logically to suit the process industry’s diverse requirements. Ten sizes, as well as two material types, make it into an adaptable pump for high gas volume flow rates.

The NASH 2BE4 was developed from the proven NASH 2BE3, whose reliable performance was further improved. The development focused on optimizing the performance data, especially in vacuum below 500 mbar abs, and on increasing the pump’s service life.

This was achieved by modifying the shaft bearings and optimizing the port plates and the impeller. Improvements to internal flow channeling have reduced the energy requirements by 6 to 8% while the scavenge performance remains constant. Optimization of the shaft bearings has increased machine flexibility in the event of operational malfunctions and, in addition, has ensured better lubrication, which is positively reflected in the service life. An optional connection for flushing the housing is also available. This feature improves cleaning possibilities and, in the process, increases the service life.

The performance range of the NASH 2BE4 is unique within the market; it can be used as both vacuum pump and compressor. When used as a vacuum pump, volume flow rates of between 2,500 and 32,000 m³/h produce a vacuum of 160 mbar absolute; when used as compressor, 3,000 – 9,500 m³/h are possible and a compression pressure of up to 2.5 bar absolute can be achieved.

With regard to its external dimensions, the NASH 2BE4 model is identical to its predecessor the NASH 2BE3. As a consequence, exchanging or upgrading to a more efficient machine is possible without any problems.

The NASH 2BE4 model is available in nodular graphite iron and stainless steel. In this way, the model can be used for diverse applications in many industries: in chemical process technology, filter applications, the paper industry, power plant technology, refineries and in many more applications.

Reliability, efficiency and flexibility make the NASH 2BE4 an outstanding liquid ring pump for high volume flow rates.

About the Company:
Gardner Denver Nash is the Nash Division of Gardner Denver, Inc. Originating from nash_elmo Industries, the company is the world's leading manufacturer of liquid ring vacuum pumps, compressors and engineered systems. For more than 100 years, Gardner Denver Nash has engineered and produced liquid ring pumps and vacuum and compressor systems for the most demanding applications in a variety of fields and industries.

Contact:
Nash –Zweigniederlassung der Gardner Denver
Deutschland GmbH
Marketing
Wolfgang Kraft
Phone: +49 (0)911 / 1454-7771
Fax: +49 (0)911 / 1454-7777
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Gardner Denver Nash has expanded its "Vectra" model range series of liquid ring vacuum pumps and compressors: The NASH Vectra XL 750 is designed and built for suction capacities of up to 7,000 m³/h and can be used as a vacuum pump as well as a compressor.

When operating as a vacuum pump, suction capacities of up to 6,800 m³/h can be achieved and the vacuum range can reach 50 mbar absolute. As a compressor, the NASH Vectra XL 750 handles up to 7,300 m³/h and achieves a discharge pressure of 3 bar absolute.

Due to single-point inlet and discharge connections, the need for manifolds is eliminated. This simplifies the layout of the piping to and from the process and reduces installation costs.

NASH Vectra XL 750 liquid ring vacuum pumps and compressors combine maximum reliability with flexibility and are available for a wide range of applications, including the chemical process industry and filter applications in paper manufacturing. O-ring seals and oil lubricated bearings are used to meet the most demanding requirements and, as always, Gardner Denver Nash uses state-of-the-art manufacturing procedures to achieve optimum performance and operating efficiency.

The NASH Vectra XL 750 is available in ductile iron or stainless steel.

ATEX certified NASH Vectra XL vacuum pumps and compressors, complying with guideline 94/9/EG in categories 1 and 2, are available for explosive categories and for the handling of explosive media.

Reliability, efficiency and flexibility make the NASH Vectra XL 750 an outstanding liquid ring pump for use in demanding applications.

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