Met-Pro Corporation Joins Russell 3000® Index |
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Met-Pro Corp.
160 Cassell Rd., P.O. Box 144
Harleysville, PA, 19438 0144
USA
Press release date: June 30, 2008
Harleysville, PA, June 30, 2008 - Raymond J. De Hont, Chairman and Chief Executive Officer of Met-Pro Corporation (NYSE: MPR), announced today that the Company has been added to the broad-market Russell® 3000 Index as of the close of business on June 27, 2008.
"It is an honor to join the leading growth companies in the United States with our inclusion in the Russell 3000® Index," said De Hont. "This is a very encouraging recognition of our solutions that help solve the challenges of protecting our environment while serving business and industry around the world and of the hard work of the many dedicated Met-Pro employees that stand behind that commitment every day."
Membership in the Russell® 3000 Index, which is for a period of one year, means Met-Pro Corporation will automatically be included within the large-cap Russell 1000® Index or small-cap Russell 2000® Index as well as the appropriate growth and value style indexes. Russell establishes membership for its equity indexes mainly by objective, market-capitalization rankings and style attributes.
The Russell Indexes are used by institutional investors as well investment managers for index funds as well as the scale for both active and passive investment strategies. Currently, there are assets totaling approximately $4 trillion benchmarked to these indexes. For further information, please visit www.russell.com.
About Met-Pro
Met-Pro Corporation, with headquarters at 160 Cassell Road, Harleysville, Pennsylvania, was recently recognized, for the second consecutive year, as one of America's "200 Best Small Companies" by Forbes magazine. The Company was also recently named as one of the world's "Top Small to Midsize Manufacturers" by Start-It magazine for the second year in a row. Through its business units, in the United States, Canada, Europe and The People's Republic of China, a wide range of products and services are offered for industrial, commercial, municipal and residential markets worldwide. These include product recovery and pollution control technologies for purification of air and liquids; fluid handling technologies for corrosive, abrasive and high temperature liquids; Mefiag filtration technologies for harsh, corrosive liquid filtration applications; and filtration and purification technologies which include proprietary water treatment chemicals and filter products for air and liquid filtration. For more information, please visit www.met-pro.com.
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