Daramic Announces Acquisition of Microporous Products L.P.
3/14/2008
info@mplp.com

Daramic Announces Acquisition of Microporous Products L.P.

CUSTOMER CONTACT: Tucker Roe

Daramic, LLC

11430 N. Community House Rd.

Suite 350

Charlotte, NC 28277

Phone (704) 587-8408

Daramic Announces Acquisition of Microporous Products L.P.

CHARLOTTE, NC - March 3, 2008 - Daramic, LLC, a division of Polypore International, Inc. (NYSE: PPO) announced it has purchased 100% of the stock of Microporous Holding Corporation, the parent company of Microporous Products L.P. (Microporous), from Industrial Growth Partners II L.P. and other stockholders for total consideration of approximately $76 million. Microporous is headquartered in Piney Flats, Tennessee with manufacturing facilities in both Tennessee and Austria.

Daramic, a global leader in the transportation and industrial battery separator market, manufactures a broad range of high-performance battery separator membranes. The acquisition of Microporous adds rubber-based battery separator technology to the Daramic product line.

"Polypore is making a strategic growth investment to expand its core business in microporous membranes, and we are delighted to have a quality organization like Microporous as part of our company," said Pierre Hauswald, vice president and general manager, Daramic. "With this acquisition, Daramic adds cost-effective production capacity and expands its world class product portfolio to more fully serve the diverse needs of lead-acid battery manufacturers around the globe."