Date: 2013-08-01

Rexnord Annouces Agreement to Acquire Fontaine-Alliance Inc.

(January 17, 2011)

Rexnord LLC announced today that Zurn Industries, LLC, is wholly owned water management subsidiary, ('Zurn'), entered into a definitive agreement to acquire the stock of Fontaine-Alliance Inc. and affiliates (Fontaine) for a cash purchase price of $30 million Canadian dollars (CAD) (including the assumption of debt). The acquisition is expected to close in the first calendar quarter of 2009. Fontaine manufactures sluice gates and other engineered flow control products for the municipal water and wastewater markets. Fontaine is based in Magog, Quebec, Canada. Fontaine employs approximately 185 employees with annual sales of approximately $40 million CAD. Rexnord anticipates funding the acquisition from existing cash balances and/or its existing credit facilities.

Fontaine will expand Rexnord's strategic water management platform, which was created with the company's acquisition of Zurn in February, 2007. The acquisition further expands Zurn's presence in the municipal water and wastewater markets, both domestically and internationally, along with providing a products offering that is complementary with Zurn's recent acquisition of GA Industries, Inc, which closed in January 2008. Additional information about Fontaine is available at www.hfontaine.com

Alex P. Marini, President and CEO of Rexnord's Water Management Group, said, 'We are extremely pleased with the acquisition of Fontaine. Fontaine is a well-managed company with a strong brand name.'

Andr

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