PMFG, Inc. to Build New Manufacturing Facility in Denton, Texas

PMFG, Inc. to Build New Manufacturing Facility in Denton, Texas

DALLAS, Aug. 3, 2012 (GLOBE NEWSWIRE) -- PMFG, Inc. (Nasdaq:PMFG), (parent of
Peerless Mfg. Co.), conducted a ceremonial groundbreaking at the construction
site of its new 80,000-square-foot manufacturing facility in Denton, Texas.
CBRE represented Peerless Mfg. Co in the acquisition of approximately 33 gross
acres in Denton County.

"We continue to see growth in demand for our environmental and process
products equipment both domestically and internationally. This growth is
attributed in large part to the role that natural gas will play in meeting
future energy requirements. The new facility to be located in Denton, Texas,
will expand our existing manufacturing capabilities in the United States and
support our global supply chain needs," according to Peter Burlage, Chief
Executive Officer of PMFG. When fully operational the facility anticipates
employing over 150 people.

About PMFG

PMFG is a leading provider of custom engineered systems and products designed
to help ensure that the delivery of energy is safe, efficient and clean. We
primarily serve the markets for power generation, natural gas infrastructure
and petrochemical processing. Headquartered in Dallas, Texas, we market our
systems and products worldwide.

The PMFG, Inc. logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=5676

About CBRE Group, Inc.

CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered
in Los Angeles, is the world's largest commercial real estate services firm
(in terms of 2010 revenue). The Company has approximately 31,000 employees
(excluding affiliates), and serves real estate owners, investors and occupiers
through more than 300 offices (excluding affiliates) worldwide. CBRE offers
strategic advice and execution for property sales and leasing; corporate
services; property, facilities and project management; mortgage banking;
appraisal and valuation; development services; investment management; and
research and consulting. Please visit our Web site at www.cbre.com.

CONTACT: Mr. Peter J. Burlage, Chief Executive Officer
         Mr. Ronald L. McCrummen, Chief Financial Officer
         PMFG, Inc.
         14651 North Dallas Parkway, Suite 500
         Dallas, Texas 75254
         Phone:  (214) 357-6181
         www.peerlessmfg.com
         or
         Kevin McGrath
         Cameron Associates
         Phone:  (212) 245-4577
         Kevin@cameronassoc.com
        
         Media Contact:
         McKay Heim
         Communications & Media Manager
         CBRE | Texas Communications
         214.979.6193 - office
         mckay.heim@cbre.com

PMFG, Inc. Logo
 
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