Ameron Announces Favorable Resolution of CAP Suit

Ameron International Corporation has announced that a final settlement had been reached in a long-standing dispute involving the U.S. Bureau of Reclamation and other parties regarding pipe siphons manufactured by Ameron in the 1970s for the Central Arizona Project (CAP).

James S. Marlen, Ameron's chairman, president and chief executive officer, commented, "We are satisfied with the resolution of this issue which has been ongoing for over 10 years. Ameron will receive sufficient reimbursement from its own and a supplier's insurance companies to fully cover the settlement. We are extremely pleased to put this issue behind us."

Source: Ameron International Corporation