TMX group

This Acquisition gives GL&V a Solid Platform in Europe while
Adding Close to $50 Million to its Revenues

MONTREAL, Nov. 7 /CNW Telbec/ - (Note: All amounts are expressed in
Canadian dollars unless otherwise indicated.) Management of GROUPE LAPERRIERE
& VERREAULT INC. ("GL&V" or "the Company"; ticker symbols GLV.SV.A,
GLV.MV.B/TSX) is pleased to announce the closing of the transaction to acquire
all shares of the British company BRACKETT GREEN LTD. (Colchester, United
Kingdom) and its U.S. subsidiary BRACKETT GREEN USA, INC. (Houston, Texas)
from Fabricom S.A. (Suez group). The cost of the transaction is entirely
financed using GL&V's available cash and revolving line of credit.
In business for more than a century, the BRACKETT GREEN group is a world
leader in advanced screening and filtration technologies for water used by
power plants, refineries and various other types of industries. In addition to
this field of expertise, which generates approximately 60% of its revenues,
BRACKETT GREEN offers a wide range of municipal and industrial wastewater
treatment equipment. Its Caird & Rayner Clark Division also offers a wide
range of advanced seawater desalination technologies. In each market segment,
BRACKETT GREEN can provide complete water treatment systems and meet its
customers' needs for equipment rebuilds, spare parts and aftermarket services.
The BRACKETT GREEN group employs some 170 people and owns a plant in
Colchester, near London, responsible for the manufacture of certain equipment
critical components. The U.S. subsidiary operates an engineering, sales and
service centre in Houston serving a broad North American customer base.
Finally, the group has a significant presence in China, India, the Middle-East
and Australia as well as representation in several other countries. BRACKETT
GREEN recorded revenues of close to $50 million during its last full fiscal
year.
GL&V's Chairman and Chief Executive Officer Laurent Verreault indicated
that this acquisition will increase considerably the Water Treatment Group's
revenues. "BRACKETT GREEN meets our acquisition criteria in every respect,
beginning with a good potential for return on investment and the creation of
shareholder value. This acquisition fits perfectly into our existing
operations and strategic orientations, as it provides GL&V with complementary
technologies that are recognized for their reliability and performance,
excellent brand awareness and a significant installed equipment base
comprising some 9,000 units in operation in 85 countries worldwide."
Richard Verreault, President and Chief Operating Officer, added that
acquiring the BRACKETT GREEN group is consistent with GL&V's market
development strategy as well. "It supports our determination to establish
worldwide expertise in water treatment technologies - including drinking
water, industrial process water, as well as municipal and industrial
wastewater - and to provide GL&V with a solid growth platform in Europe. In
addition, it expands our customer base and portfolio of technologies in the
energy sector, one of our most promising target markets. Combined with our
recent acquisition of Jones & Attwood, another British company involved in a
similar market niche, this transaction brings highly complementary know-how to
our Water Treatment Group and attractive potential for growth and synergies in
Europe and North America. For instance, BRACKETT GREEN's and its Houston
subsidiary's business growth will be leveraged by their access to GL&V's
extensive outsourcing network."

GL&V Profile
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Founded in 1975, GL&V is a world leader in liquid/solid separation
technologies used in a large number of industrial, municipal and environmental
processes. Its Process Group (Dorr-Oliver Eimco) offers a broad range of
products and services intended for metal and ore processing, as well as
industrial and environmental processes used in various other sectors such as
chemicals and petrochemicals, food processing, pulp and paper and energy. The
Water Treatment Group is focused on the development and worldwide marketing of
process equipment in the treatment of drinking water and wastewater. Through
its Pulp and Paper Group, GL&V also specializes in the design and marketing of
equipment for various stages of pulp and paper production. Finally, GL&V
Manufacturing specializes in the production of large custom-made parts for
external customers involved mainly in the pulp and paper and energy sectors,
as well as GL&V's other units. GL&V is present in 40 countries on six
continents and has more than 1,500 employees.

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A CONFERENCE CALL ON THE ACQUISITION OF BRACKETT GREEN WILL BE HELD
TOMORROW, TUESDAY, NOVEMBER 8, 2005 AT 9:00 a.m. (Montreal time)

To participate in the conference call, please dial 1-866-250-4909 a few
minutes before the start of the call. For those unable to participate, a
taped re-broadcast will be available as of 11:00 a.m. November 8, 2005,
until midnight Tuesday, November 15, 2005, by dialing 1-877-289-8525;
access code: 21162513(pound key). The media are invited to listen in.
THE CONFERENCE CALL WILL BE AVAILABLE FOR THREE MONTHS AT WWW.GLV.COM.
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