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AME News AMETEK Receives Corporate Growth Award from Association for Corporate Growth Philadelphia

PAOLI, Pa.--(BUSINESS WIRE)--AMETEK, Inc. (NYSE:AME) received the 2006 Outstanding Corporate Growth Award from the Association for Corporate Growth (ACG) Philadelphia. The award was presented to AMETEK Chairman and Chief Executive Officer Frank S. Hermance at the 2006 M&A East Conference, held October 10-11, 2006, at the Pennsylvania Convention Center. Mr. Hermance also accepted the Chapter’s nomination for the National Outstanding Corporate Growth Award to be presented in May 2007.

“We are extremely proud to receive this prestigious award and are pleased to be recognized among the leading growth companies in the Philadelphia area,” commented Mr. Hermance. “In recent years, AMETEK has transformed itself into a leading global manufacturer of highly differentiated electronic instruments and electromechanical devices.”

“Over the past five years, our stock price has more than tripled, significantly outpacing the returns of its benchmark indexes, while our enterprise value has nearly tripled from $1.25 billion at year end 2000 to $3.63 billion at the end of 2005. And, we remain committed to a vision of doubling AMETEK in size and profitability over the next five years.” he added.

Since 1999, AMETEK has completed more than 25 acquisitions, enhancing its positions in aerospace, oil and gas production, power monitoring, and technical motors and expanding into such new markets as microanalysis and nanotechnology, radiation detection, microelectronic packaging for sensitive electronic devices, environmental integrity systems for aircraft and military vehicles, and sophisticated motors, pumps and blowers for advanced fuel cell systems.

The Association for Corporate Growth is the premier professional organization focused on corporate growth, corporate development, and mergers and acquisitions. Its National Outstanding Corporate Growth Award will be presented at the InterGrowth® Conference in Phoenix, Arizona, May 2-7, 2007, the world’s largest conference for merger and acquisition professionals and corporate dealmakers. Past winners of the National Corporate Growth Award have included Home Depot, Cisco Systems, Harley-Davidson and Rubbermaid, Inc.

AMETEK, Inc. is a leading global manufacturer of electronic instruments and electromechanical devices with annualized sales of approximately $1.8 billion. Headquartered in suburban Philadelphia, AMETEK has more than 10,000 colleagues working at over 60 manufacturing facilities in the United States and 18 other countries around the world.