AMETEK Views Downturn as Opportunity for Well Priced Acquisitions and Expansions, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwire - April 23, 2009) - Researched by Industrial Info Resources (Sugar Land, Texas)--Global electronics manufacturer AMETEK Incorporated (NYSE:AME) (Paoli, Pennsylvania) recently announced earnings for the company's first fiscal quarter of 2009. Despite lower profits during the current global economic downturn, AMETEK is continuing a series of acquisitions and expansions throughout the world. "We have the financial and managerial capacity to continue to do acquisitions," AMETEK'S Chairman and CEO Frank Hermance said in a recent conference call. "Our balance sheet is strong, and our cashflow and financing facilities provide us with ample liquidity to pursue this strategy. We believe this will be a great environment as the price for acquisitions recedes."

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