“Both 2010 and 2011 have proven to be a challenge for our economy, but opportunity has existed for companies to grow, and 2012 is anticipated to be no different. The impact of the economic issues in the EU and the upcoming U.S. elections will provide an uncertain economic picture again. Manufacturers have done well to be cash positive with nowhere to invest. This provides opportunities as companies retrofit existing equipment with an eye and focus on energy savings and efficiency. Acquisitions and consolidation will be active in 2012 continuing to change the landscape of our industry.”--Dennis Wierzbicki, President, Grundfos Pumps Corporation