News Release Details

PAOLI, Pa.--(BUSINESS WIRE)--June 14, 2007--AMETEK, Inc. (NYSE:AME) announced the acquisition of Hamilton Precision Metals, Inc. ("Hamilton"), a niche specialty metals producer, for approximately $42 million in cash from an investment group led by Cedar Creek Partners. Lancaster, PA-based Hamilton, with expected annual sales of approximately $25 million, produces precision metal strip and foil for medical, electronic and instrumentation markets.

Mr. Frank Hermance, AMETEK chairman and chief executive officer said, "Hamilton is a highly differentiated business and a great strategic fit with our Engineered Materials, Interconnects and Packaging business. It has strong positions in growing niche markets for specialty metals used in medical implant devices and surgical instruments, electronic components and measurement devices for aerospace and other industrial markets."

"The acquisition of Hamilton is the latest example of our continuing strategic thrust to evolve AMETEK and, in particular, the Electromechanical Group into a more differentiated set of businesses. These differentiated businesses have excellent growth and profitability characteristics and have been a key factor in our strong financial performance," Mr. Hermance continued.

Hamilton Precision Metals joins AMETEK as part of its Electromechanical Group (EMG). In addition to specialty metal products, EMG is a leader in electrical interconnects and microelectronic packaging, technical motors and systems, and electric motors for floor care and other applications. EMG had 2006 sales of approximately $803 million.

Corporate Profile

AMETEK is a leading global manufacturer of electronic instruments and electromechanical devices with 2006 sales of $1.8 billion. AMETEK's Corporate Growth Plan is based on Four Key Strategies: Operational Excellence, Strategic Acquisitions & Alliances, Global & Market Expansion and New Products. AMETEK's objective is double-digit percentage growth in earnings per share over the business cycle and a superior return on total capital. The common stock of AMETEK is a component of the S&P MidCap 400 Index and the Russell 1000 Index.

Forward-looking Information

Statements in this news release relating to future events, such as AMETEK's expected business and financial performance, are "forward-looking statements". Forward-looking statements are subject to various factors and uncertainties that may cause actual results to differ significantly from expectations. These factors and uncertainties include our ability to consummate and successfully integrate future acquisitions; risks associated with international sales and operations; our ability to successfully develop new products, open new facilities or transfer product lines; the price and availability of raw materials; compliance with government regulations, including environmental regulations; changes in the competitive environment or the effects of competition in our markets; the ability to maintain adequate liquidity and financing sources; and general economic conditions affecting the industries we serve. A detailed discussion of these and other factors that may affect our future results is contained in AMETEK's filings with the Securities and Exchange Commission, including its most recent reports on Form 10-K, 10-Q and 8-K. AMETEK disclaims any intention or obligation to update or revise any forward-looking statements.

CONTACT: AMETEK, Inc.
William J. Burke, 610-889-5249

SOURCE: AMETEK, Inc.