Dover Completes Acquisition of Gala Industries

DOVER COMPLETES ACQUISITION OF GALA INDUSTRIES

Acquisition will significantly enhance Dover Fluids' position in the global polymers and plastics markets

Downers Grove, IL, October 30, 2015 - Dover (NYSE: DOV) today announced that it has completed the previously announced acquisition of Gala Industries, Inc. ("Gala"), which will become part of Maag Pump, a business unit within Dover's Fluids segment.

Headquartered in Eagle Rock, Virginia, Gala is a leading manufacturer of underwater pelletizing systems and solutions serving the plastics compounding industry.  Gala has developed a strong global reputation for engineering, manufacturing and application expertise across a diverse range of materials used in many end-markets, including the medical, food and beverage, adhesive and PVC industries. The addition of Gala's product offerings in plastics compounding complements Maag's strong position in pelletizers serving the virgin plastics processing market, and will create a leading provider of equipment for the polymer and compounding industry.

"We are excited to add Gala to our growing position in the polymer and plastic processing market," said Bill Spurgeon, President and Chief Executive Officer of Dover's Fluids segment. "Gala's outstanding products and reputation will complement Maag's strong suite of equipment and solutions.  Together, the combined business will provide our customers unequaled process and engineering expertise, and the most complete systems available."

About Dover:
Dover is a diversified global manufacturer with annual revenues of approximately $7 billion. We deliver innovative equipment and components, specialty systems and support services through four major operating segments: Energy, Engineered Systems, Fluids, and Refrigeration & Food Equipment. Dover combines global scale with operational agility to lead the markets we serve.  Recognized for our entrepreneurial approach for 60 years, our team of 26,000 employees takes an ownership mindset, collaborating with customers to redefine what's possible. Headquartered in Downers Grove, Illinois, Dover trades on the New York Stock Exchange under "DOV." Additional information is available at www.dovercorporation.com.

About Maag:
Maag is a global leader in the design and manufacture of gear pumps, pelletizing systems, and filtration systems for demanding applications in the plastics, chemical, petrochemical, and food industries. Maag develops, manufactures, and distributes innovative, customized solutions for complete pump and pelletizing systems - with the expertise based on its long-term industrial tradition since 1910. Maag employs more than 500 associates and has operations in Switzerland, Germany, France, Italy, Singapore, Taiwan, Malaysia, China, Brazil, and the U.S. For additional information on Maag, please visit www.maag.com.

Forward Looking Statements:
Dover makes information available to the public, orally and in writing, which may use words like "anticipates," "expects," "believes," "indicates," "suggests," "will," "plans" and "should," which are "forward-looking statements" under the Private Securities Litigation Reform Act of 1995. Dover refers you to the documents that it files from time to time with the Securities and Exchange Commission, such as its reports on Form 10-K, Form 10-Q and Form 8-K, for a discussion of risks and uncertainties that could cause its actual results to differ materially from its current expectations and from the forward-looking statements contained in this press release. Dover undertakes no obligation to update any forward-looking statement.

Investor Contact:                                                              
Paul Goldberg                                                                     
Vice President - Investor Relations                                
(212) 922-1640
[email protected]                                                          

Media Contact:
Adrian Sakowicz
Vice President - Communications
(630) 743-5039
[email protected]

You May Also Be Interested In

• Cosmos Health (COSM) Receives Nasdaq Notice on Late Filing of Its Form 10-K
• Trump Media & Technology Group (DJT) send letter to Nasdaq over “naked” short selling
• WRAP Technologies (WRAP) Receives Nasdaq Non-compliance Notice