CECO Environmental Acquires Effox, Inc.

Cincinnati, OH — CECO Environmental Corp., a leading provider of air pollution control and industrial ventilation systems, announced March 1st that it has completed the acquisition of Effox, Inc. in an all cash transaction. Effox, located in Cincinnati, Ohio, engineers and manufactures dampers and expansion joints for use in flue gas and process air handling systems and is a leading provider of equipment to the power industry. Effox also provides design, rebuilding and repair services for a variety of existing industrial systems.

Rick Blum, President and Chief Operating Officer, stated, "We are delighted to have Effox as part of the CECO family. Effox is a quality company with a well deserved reputation in the pollution control industry."

Phillip DeZwirek, Chairman and CEO of CECO stated, "Effox had sales last year of approximately $28 million. We expect this acquisition to enhance both our revenues and our earnings. Effox had a $34 million backlog as of February 28, 2007, which combined with CECO's year end backlog, would have been $131 million at that time. More importantly, we are continuing our 'horizontal integration' strategy and deepening our penetration of the power industry, an area where we see significant growth opportunities."

SOURCE: CECO Environmental Corp.