News Release: January 10, 2012

Fulton China Announces Acquisition of Costerm Swiss AG

Editorial Contacts:

Melissa Zakrajsek
(315) 298-7182

Pulaski, NY — Fulton Companies (www.fulton.com), the global manufacturer of steam, hydronic and thermal fluid heat transfer products and provider of innovative energy management solutions, has closed a deal in which its China operations has acquired 100 percent of Costerm Swiss AG, a specialized industrial burner and engineering company based near Zurich, Switzerland.

"We are very pleased to have Costerm join the global Fulton family," said Fulton Companies CFO Kevin LaMontagne. Plans are in development to share R&D resources, use Costerm burners on large Fulton boilers, sell Fulton products through the Costerm sales office, and sell Costerm products through Fulton sales offices. 

The deal was completed on December 20.

Costerm is well known for its large burners under the trade names DC OERTLI Induflame for asphalt processing and Indufire for air heaters, industrial applications and with large horizontal fire tube and water tube boilers.

A high quality Costerm burner can be customized so it best meets the specific needs of each individual customer. Costerm has more than 40 years of industrial burner business experience.
Costerm's complex custom engineering projects, product sales, service and aftermarket parts are managed from  Schwerzenbach, Switzerland, and the burners are manufactured in the Czech Republic.

The main sales markets of Costerm are in Europe, but Costerm also sells, commissions and services its products globally and to several major corporations.

Information about Costerm and its Induflame/Indufire products is available at: 
www.costerm-swiss.com.

For additional information about Fulton and its products, or to locate a sales representative near you, please visit www.fulton.com.

The Fulton Companies

With manufacturing facilities in the United States, Great Britain and China, Fulton is a global manufacturer of steam, hydronic and thermal fluid heat transfer systems. Backed by over 60 years of research, innovation and experience, Fulton is building on a tradition of success and is focused on improving life through heat transfer solutions. For additional information about Fulton and its products, visit the company's Web site at www.fulton.com.