Flanders Corporation Acquired Assets From Wildwood Industries, Inc.

* Reuters is not responsible for the content in this press release.

Wed May 27, 2009 7:05am EDT

  WASHINGTON, NC, May 27 (MARKET WIRE) -- 
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."

    Safe Harbor Statement:

    The statements made in this press release regarding Flanders (1) business
being solid, (2) being well positioned heading into its busy summer
season, (3) opportunistically adding capacity to service its growing
customer base and (4) belief that this acquisition strengthens Flanders as
the largest U.S. producer of air filtration products. For a more detailed
discussion of risk factors that may affect Flanders' operations, please
refer to the Company's Form 10-K for the year ended December 31, 2008 and
the Form 10-Q for the period ended March 31, 2009. These forward-looking
statements speak only as of the date on which such statements are made,
and the Company undertakes no obligation to update such forward-looking
statements, except as required by law.

    About Flanders

    Flanders is a leading air filtration products manufacturer. Flanders'
products are utilized by many industries, including those associated with
commercial and residential heating, ventilation and air conditioning
systems, semiconductor manufacturing, ultra-pure materials, biotechnology,
pharmaceuticals, synthetics, nuclear power and nuclear materials
processing. For further information on Flanders and its products, visit
its web site at http://www.flanderscorp.com/ or contact Kirsten Chapman or
Tim Dien at (415) 433-3777.

    

Company Contact:
John Oakley
CFO
Flanders Corporation
(252) 946-8081

Investor Relations Contacts:
Lippert / Heilshorn & Associates
Kirsten Chapman / Tim Dien
Email Contact
(415) 433-3777

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