Pentair is a diversified operating company headquartered in Minnesota. Its Water Group is a global leader in providing innovative products and systems used worldwide in the movement, treatment, storage and enjoyment of water. Pentair’s Enclosures Group is a leader in the global enclosures market, designing and manufacturing standard, modified, and custom enclosures that house and protect sensitive electronics and electrical components. Revenues from continuing operations in 2004 were $2.28 billion, or $2.76 billion on a pro forma basis (as if Pentair’s 2004 acquisitions had been completed at the beginning of the year). Pentair has approximately 13,000 employees worldwide.

The Company pursues growth through both internal development and acquisitions, and is global in outlook and reach. Financial performance is reflected in a strong balance sheet. Though Pentair operations are decentralized, all Pentair businesses share a common Code of Business Conduct that guides the development of the organization and the conduct of its business affairs.

Pentair is a values-driven company that brings superior products to our customers through some of the world’s leading brands. We believe in conducting business with absolute integrity. Efforts in continuous improvement, high performance, competence, cost reduction, business ethics and market leadership have contributed greatly to our success. Our employees share many personal values such as accountability, deep respect for people and the environment, and a candid and practical work style.