SL Industries Announces Acquisition of MTE Corporation

November 1 , 2006

SL Industries, Inc. Completes Acquisition of MTE Corporation

MT. LAUREL, N.J.--(BUSINESS WIRE)--Nov. 1, 2006--SL INDUSTRIES, INC. (AMEX & PHLX:SLI) today announced that it has successfully completed the acquisition of MTE Corporation, an electromagnetic products manufacturer, for total cash consideration of approximately $15.5 million. SL Industries said the purchase price would be financed under its Revolving Credit Agreement with Bank of America, N.A. James C. Taylor, SL Industries’ Chief Executive Officer, stated “We are very excited about this acquisition and believe it will significantly broaden the product portfolio of the SL Power Electronics Group in the high power market.”

ABOUT SL INDUSTRIES
SL Industries, Inc. designs, manufactures and markets power electronics, power motion, power protection, teleprotection and communications equipment and systems that is used in a variety of medical, aerospace, computer, datacom, industrial, telecom, transportation and electric power utility equipment applications. For more information about SL Industries, Inc. and its products, please visit SL Industries’ web site at www.slindustries.com.

ABOUT MTE CORPORATION
MTE Corporation designs and manufactures power quality electromagnetic products used to protect equipment from power surges, bring harmonics into compliance and improve the efficiency of variable speed motor drives. MTE’s product lines include: three-phase AC reactors, DC link chokes and a series of harmonic, RFI/EMI and motor protection filters. These products are typically used in industrial plants and commercial buildings where non-linear loads and attendant harmonics produced by these loads are present.

Contact:
SL Industries, Inc.
David R. Nuzzo, 856-727-1500, extension 5515
David.Nuzzo@slindustries.com

Source: SL Industries, Inc.