Mt. Union, PA - February 12, 2004 - Bonney Forge Corporation completed the acquisition of RP&C, a forged steel valve manufacturer located in Conway, South Carolina on February 12, 2004. The company will retain the name of RP&C - as a division of Bonney Forge Corporation.

According to John Leone, CEO of Bonney Forge, "The acquisition of the RP&C, an established quality producer of forged steel valves, expands and strengthens Bonney Forge as an industry leader.

The RP&C sales office, as well as all inventory, will be located in Mt. Union, PA. The contact for all sales inquiries will be Marlene Jenkins. Marlene may be reached at 888-231-0655.

Bonney Forge is a leading manufacturer of forged steel fittings and unions, branch connections, forged steel valves and cast steel valves produced in its 200,000 square foot manufacturing facility in Mt. Union, Pennsylvania. Branch connections and other speciality piping components are also manufactured at WFI International - a division of Bonney Forge - located in Houston, Texas. Founded over 80 years ago, Bonney Forge's state-of-the-art product desigh, dependable performance and customer driven culture uniquely offers the best price, quality, and service all the time.

For additional information about Bonney Forge contact J. Rick Leone, Senior Vice President Sales and Marketing, Bonney Forge, U.S. Route 522 South. P.O. Box 330, Mount Union, PA 17066-0330 phone: 800-345-7546 fax: 814-542-9977 email: bfsales@bonneyforge.com web: www.bonneyforge.com