Flanders Corporation Acquired Assets From Wildwood Industries, Inc.

WASHINGTON, NC--(Marketwire - May 27, 2009) - Flanders Corporation (NASDAQ: FLDR) has agreed to acquire certain assets from Wildwood Industries, Inc. for $3.6 million in cash. Flanders will retain the furnace filter equipment and inventory and immediately sold the unrelated assets to R.P.S. Products, Inc. for $2.2 million in cash.

Flanders Corporation's Chairman, president and CEO Harry Smith said: "As reported, during our first quarter conference call, our business is quite solid and we are well positioned as we head into our busy summer season. We intend to opportunistically add capacity to service our growing customer base and believe this acquisition strengthens Flanders as the largest U.S. producer of air filtration products. With our expertise, we expect to effectively leverage these assets and add value to our company."

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