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Lamson & Sessions Retains Perella Weinberg Partners to Explore Strategic and Financial Alternatives

CLEVELAND, Feb. 12 /PRNewswire-FirstCall/ -- Lamson & Sessions (NYSE: LMS) today announced that its Board of Directors has authorized the Company's management and financial advisors to explore a range of strategic and financial alternatives to enhance shareholder value. These alternatives include, but are not limited to, a sale of certain assets or the entire Company, formation of joint ventures, a change to the Company's capital structure, and continued implementation of Lamson & Sessions' current strategic business plan.

The Company has retained Perella Weinberg Partners as financial advisor in this evaluation process. Lamson & Sessions cautions that there can be no assurance that the exploration of alternatives will result in a transaction, and the Company intends to disclose developments regarding the process only if and when the Board of Directors has approved a specific transaction or course of action.

"Our hiring of a financial advisor is a continuation of our effort to thoroughly consider all opportunities for long-term shareholder value creation," said Michael J. Merriman, President and Chief Executive Officer. "We continue to believe that our superior products, markets and operations represent excellent potential for profitable growth."Lamson & Sessions is a leading producer of thermoplastic enclosures, fittings, wiring outlet boxes and conduit for the electrical, telecommunications, consumer, power and wastewater markets. For additional information, please visit our Web site at:

This press release contains forward-looking statements that involve risks and uncertainties within the meaning of the Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those expected as a result of a variety of factors, such as: (i) the volatility of resin pricing, (ii) the ability of the Company to pass through raw material cost increases to its customers, (iii) the continued availability of raw materials and consistent electrical power supplies, (iv) maintaining a stable level of housing starts, telecommunications infrastructure spending, consumer confidence and general construction trends, (v) any adverse change in the country's general economic condition affecting the markets for the Company's products and (vi) the ability of the Company to identify and complete a strategic transaction. Because forward-looking statements are based on a number of beliefs, estimates and assumptions by management that could ultimately prove to be inaccurate, there is no assurance that any forward- looking statement will prove to be accurate.


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