Item 2. PROPERTIES

Our principal office is located in leased premises in Manchester, United Kingdom, and our management office in the United States is located in leased premises in Minneapolis, Minnesota. Our operations are conducted in facilities throughout the world. These facilities house manufacturing and distribution operations, as well as sales and marketing, engineering and administrative offices.

We carry out our Valves & Controls manufacturing operations at 8 plants located throughout the United States and at 32 plants located in 16 other countries. In addition, Valves & Controls has 23 distribution facilities, 56 sales offices and 51 service centers located in numerous countries throughout the world.

We carry out our Flow & Filtration Solutions manufacturing operations at 7 plants located throughout the United States and at 12 plants located in 8 other countries. In addition, Flow & Filtration Solutions has 22 distribution facilities, 18 sales offices and 10 service centers located in numerous countries throughout the world.

We carry out our Water Quality Systems manufacturing operations at 13 plants located throughout the United States and at 10 plants located in 6 other countries. In addition, Water Quality Systems has 15 distribution facilities, 11 sales offices and 2 service centers located in numerous countries throughout the world.

We carry out our Technical Solutions manufacturing operations at 10 plants located throughout the United States and at 15 plants located in 11 other countries. In addition, Technical Solutions has 11 distribution facilities, 52 sales offices and 3 service centers located in numerous countries throughout the world.

We believe that our production facilities are suitable for their purpose and are adequate to support our businesses.