GL&V Divests the Stormwater Business as Part of the Restructuring of the Operations of its Water Treatment Group



    MONTREAL, April 2 /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.A, GLV.B/TSX)
announces that the Company has divested the Australian stormwater business of
the Water Treatment Group, and associated Asian licenses to Rocla Pty Ltd., a
subsidiary company of Fletcher Building Ltd., a New Zealand based group
operating in the building industry. The transaction was completed for a cash
consideration of $2.1 million, subject to certain adjustment clauses.
    GL&V's President and Chief Operating Officer Richard Verreault said that
the divestment of these activities, acquired as part of the Copa acquisition
completed last October, is consistent with GL&V's objective to restructure
part of the operations of the Water Treatment Group subsequent to the various
acquisitions completed in recent quarters, i.e. five in 18 months. "In
addition to improving its cost structure, this transaction will allow the
Water Treatment Group to further focus on its core activities in the municipal
and industrial sectors in selective growth water treatment markets." Richard
Verreault added that the restructuring of the Water Treatment Group's
activities in the United Kingdom following the acquisition of Copa is now
close to completion and is expected to generate annual savings of
approximately $1 million in operating expenses. The Water Treatment Group's UK
operations are now divided into two business units, one of which focuses on
the municipal market and the other on the power and industrial markets in
Europe, Africa and the Middle-East. By the end of April 2007, the number of
operating facilities in the UK will be reduced by two, which will notably
entail the sale of one property.

    About GL&V
    ----------
    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. The Process Group offers an extensive selection of liquid/solid
separation solutions intended for metal and minerals processing, as well as
industrial and environmental processes used in various other markets such as
pulp and paper, energy, chemicals, petrochemicals and food processing. The
Pulp and Paper Group specializes in the design and marketing of equipment used
in various stages of pulp and paper production, notably pulp preparation and
sheet formation, and is a recognized leader in rebuilding, upgrading and
optimization services for existing pulp and paper equipment. The Water
Treatment Group specializes in the development and marketing of equipment for
the treatment of municipal and industrial wastewater, drinking water and
process water used in various industrial processes, as well as water intake
screening solutions for power stations and refineries. Finally, an operating
unit, 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 approximately 2,400 employees.




For further information:

For further information: Marc Barbeau, Vice-President and Chief
Financial Officer, (514) 284-2224; www.glv.com

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GROUPE LAPERRIERE & VERREAULT INC.

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