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Clarcor agrees to acquire Air Filtration business from GE Power and Water

CLARCOR (CLC) announced that it has entered into an agreement to acquire the Air Filtration business of GE's (GE) Power and Water division for approximately $265M, subject to contractually agreed adjustments. The business will continue to supply gas turbine air inlet filtration systems and filters to GE under a multi-year supply agreement. The transaction is expected to close by the end of FY13.