Dri-Eaz Products announces sale to investment firms

BURLINGTON, Washington - Oct. 16, 2006 - Dri-Eaz Products, Inc., announces the sale of the company to two private equity firms in partnership with current Dri-Eaz management to foster the company's further development.

The new ownership structure will identify opportunities to build on Dri-Eaz' legacy and even expand the business. "They've invested in Dri-Eaz to add value and grow the company," Dri-Eaz President Bill Bruders said. "We look forward to continuing future growth, all the while ensuring that we support our workforce, our distributors and our customers with continued success."

"Dri-Eaz has been fortunate to enjoy a high level of customer loyalty. We want to honor that heritage and keep offering the best drying solutions for restorers," Bruders said.

Dri-Eaz will continue to provide equipment and education for the water damage restoration industry, and maintain its headquarters and manufacturing facilities in Burlington, Wash., plus education and warehousing facilities in Nashville, Tenn., and Newport Pagnall, U.K.

About Dri-Eaz
Dri-Eaz provides solutions for the drying and restoration of water-damaged buildings throughout the United States, Canada, Europe, Asia, Australia and New Zealand. The company manufactures dehumidifiers, airmovers, structural drying systems, and air scrubbers used by water damage restoration professionals and in industrial drying, cleaning, and maintenance work. Dri-Eaz works with partners to offer the industry's best moisture-detection instruments and antimicrobials.

Editorial Contact:
Marcia Neu
Dri-Eaz Products, Inc.
Phone: 1-800-932-3030, extension 275
Fax: 360-757-7950
Email: courtneys@dri-eaz.com

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