ELGIN, Ill., May 31, 2001 /PRNewswire/ -- Dover Corporation (NYSE: DOV) announced the acquisition of Kurz-Kasch Inc. effective today. Kurz-Kasch is headquartered in Dayton, OH with plants in Newcomerstown, OH and Wilmington, OH as well as Sanford, North Carolina, and will be a stand-alone company reporting as part of Dover Industries, a Dover subsidiary and market segment. Terms of the transaction were not disclosed.

Kurz-Kasch is a manufacturer of coil based electro magnetic switches and sensors that are encapsulated in a thermo set plastic. Commonly, these devices are used as stators enabling electronic fuel injection systems found on large diesel engines. Kurz-Kasch also manufactures phenolic brake pistons for automotive disc brakes as well as specialty thermo set plastic based components used in the aerospace and electrical industries.

Commenting on the acquisition Timothy J. Sandker, Executive Vice President of Dover Industries, said, "We are pleased to have Kurz-Kasch join the Dover Industries family of companies. Kurz-Kasch is committed to their customers and as a result has a strong position within the markets they serve. Thus they come to us with a solid earnings growth track record and will thus be a good fit within the balance of our fine companies."

SOURCE Dover Corporation

CONTACT:          David S. Smith, Vice President of Dover, 212-922-1640