Exhibit 99.1

News From:		For Immediate Release
Kaydon Corporation		Global Engineered Solutions

KAYDON CORPORATION REPORTS

SECOND QUARTER 2012 RESULTS

Ann Arbor, Michigan – July 27, 2012

Kaydon Corporation (NYSE:KDN) today announced its results for the second fiscal quarter ended June 30, 2012.

Consolidated Results

Sales in the second fiscal quarter of 2012 were $124.4 million, compared to sales of $122.0 million in the second quarter of 2011. The negative effects of foreign currency translation impacted sales by $2.4 million during the quarter.

Diluted earnings per share was $.36 in the second quarter of 2012 compared to $.43 in the second quarter of 2011. Adjusted earnings per share, as defined below, was $.42 in the second quarter of 2012, compared to $.48 in the second quarter of 2011.

Adjusted EBITDA, was $27.3 million, or 22.0 percent of sales, during the second quarter of 2012, compared to $30.1 million, or 24.6 percent of sales, during the second quarter of 2011.

This press release includes certain non-GAAP measures, including Adjusted net income, Adjusted earnings per share, EBITDA, Adjusted EBITDA and free cash flow. Readers should refer to the attached Reconciliation of Non-GAAP Measures exhibit for the reconciliations of the applicable GAAP measures to the non-GAAP measures presented.

Adjustments to GAAP results include certain items management considers in evaluating operating performance in each period. During the second quarter of 2012, such adjustments included $1.6 million of acquisition-related costs incurred primarily in connection with the recently completed Fabreeka acquisition and $1.1 million of non-cash amortization of previously incurred net actuarial losses related to postretirement benefit plans.

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Management Commentary

James O’Leary, Chairman and Chief Executive Officer commented, “The most recent quarter was unfavorably impacted by continuing global economic weakness, which combined with our proactive response to manage inventory levels, led to unfavorable comparisons relative to last year’s second quarter.

“The economic environment in Europe, and to a lesser extent Asia, continued to soften in the second quarter of 2012, affecting both business in these regions and exports to them. This impacted several of our businesses, notably those that service the high margin industrial machinery markets. In the United States, we saw slower growth than expected as orders placed for immediate shipment were impacted unfavorably affecting mix and marginal profitability in our largest segment, Friction Control.

“In response to these conditions, we reduced manufacturing activity as the quarter progressed, unfavorably impacting cost absorption during the quarter. We remain cautious as we enter the second half of 2012 as concerns about growth stemming from global fiscal concerns have become increasingly prevalent in many of our end markets.

“Despite the global “headline” issues that have impacted us in 2012, there were several positives in our second quarter. First, we completed the Fabreeka acquisition which together with last year’s Hahn acquisition are expected to add over $50 million of revenue to the Company’s highest margin segment, replacing a significant portion of the long expected decrease in wind and military sales.

“Second, despite the highly visible impact of the European economic situation and the policy void restraining wind energy orders, we had a strong booking quarter. Excluding wind, we had a book-to-bill ratio of 108.8 percent, the highest since the first quarter of last year with notable improvements in our military, aerospace and medical end markets.

“Lastly, our cash generating capability and excellent balance sheet remain clear strengths. Our quarter and year to date results reflect strong performance in cash flow from operations. This underscores our historical strength in generating free cash flow and managing the levers available to us in addressing changes that continue to arise in a highly volatile global business environment, allowing us to continue to execute strategically important acquisitions, such as Fabreeka and Hahn, while prudently returning capital to our shareholders.”

Segment Results and Review

Friction Control Products sales in the second quarter of 2012 were $71.5 million, compared to $65.8 million in the 2011 second quarter. Second quarter 2012 Friction Control Products operating income totaled $10.2 million, compared to $11.5 million in the prior second quarter. The Friction Control Segment was unfavorably impacted by mix issues, and their impact on marginal profitability, as our typically higher margin orders placed for immediate shipment fell as a percentage of total business, particularly relative to wind shipments. This, coupled with reduced manufacturing levels, resulted in lower profits during the current quarter despite the increase in sales.

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For the quarter, wind revenues were $19.8 million, an increase of nearly 50 percent as compared to last year as demand from turbine manufacturers increased prior to the expiration of current tax benefits at the end of 2012. Year to date wind revenues through June 2012 are $37.6 million. During the third and fourth quarter, the Company will be working with customers to finalize their views on business for 2013, which is highly contingent on the political and economic environment. If the industry outlook and customer orders through the balance of the year do not support a clear stabilization in business in 2013 and meaningful improvement beyond that, the Company will evaluate the need for a reduction in its wind production capacity later this year.

Velocity Control Products sales in the second quarter of 2012 were $24.5 million, compared to $25.3 million in the second quarter of 2011. Operating income for this segment totaled $5.7 million, compared to $5.9 million in the prior second quarter. Results were negatively impacted by lower sales in Europe.

Other Industrial Products sales in the second quarter of 2012 were $28.4 million, compared to $30.9 million in the 2011 second quarter due to lower volumes across many of these markets. Operating income equaled $3.0 million in the second quarter of 2012, compared to operating income of $4.4 million in the second quarter of 2011. The decline in results relative to the prior year was primarily driven by reduced shipping and manufacturing activity related to softer demand in many of the segments’ markets.

Order Activity

Orders were $112.8 million in the second quarter of 2012, compared to $111.5 million in the second quarter of 2011. Backlog at June 30, 2012 was $169.5 million compared to $174.9 million at March 31, 2012, and $196.4 million at July 2, 2011.

Financial Position and Free Cash Flow

Free cash flow was $13.3 million in the second quarter of 2012, compared to $10.1 million in the second quarter of 2011.

As of June 30, 2012, the Company had cash and cash equivalents totaling $38.7 million. During the second quarter of 2012, the Company acquired Fabreeka Group Holdings, Inc. The $53 million acquisition was financed with borrowings under Kaydon’s existing $250 million revolving credit facility. Kaydon had borrowings outstanding in the principal amount of $50.0 million under the revolving credit facility and $148.1 million under the term loan facility as of June 30, 2012.

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About Kaydon

Kaydon Corporation is a leading designer and manufacturer of custom engineered, performance-critical products, supplying a broad and diverse group of alternative energy, military, industrial, aerospace, medical and electronic equipment, and aftermarket customers.

Conference call information: At 11:00 a.m. Eastern time today, Kaydon will host a second quarter 2012 earnings conference call. The conference call can be accessed telephonically in a listen-only mode by dialing 1-888-312-3048 and providing the following passcode number: 800500. Participants are asked to dial in 10 minutes prior to the scheduled start time of the call.

Alternatively, interested parties are invited to listen to the conference call on the internet at:

http://w.on24.com/r.htm?e=497796&s=1&k=B200FCCAB9990C5CFD01F012A854DF18

or by logging on to the Kaydon Corporation website at: http://www.kaydon.com and accessing the conference call at the “Second Quarter 2012 Conference Call” icon.

To accommodate those that are unable to listen at the scheduled start time, a replay of the conference call will be available telephonically beginning at 2:00 p.m. Eastern time today through Thursday August 2, 2012 at 2:00 p.m. Eastern time. The replay is accessible by dialing 1-888-203-1112 and providing the following passcode number: 2407755.

Additionally, interested parties can access an archive of the conference call on the Kaydon Corporation website at http://www.kaydon.com.

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This press release contains forward-looking statements within the meaning of the Securities Exchange Act of 1934 regarding the Company’s plans, expectations, estimates and beliefs. Forward-looking statements are typically identified by words such as “believes,” “anticipates,” “estimates,” “expects,” “intends,” “will,” “may,” “should,” “could,” “potential,” “projects,” “approximately,” and other similar expressions, including statements regarding general economic conditions, competitive dynamics and the adequacy of capital resources. These forward-looking statements may include, among other things, projections of the Company’s financial performance, anticipated growth, characterization of and the Company’s ability to control contingent liabilities, and anticipated trends in the Company’s businesses. These statements are only predictions, based on the Company’s current expectations about future events. Although the Company believes the expectations reflected in the forward-looking statements are reasonable, it cannot guarantee future results, performance or achievements or that predictions or current expectations will be accurate. These forward-looking statements involve risks and uncertainties that could cause the Company’s actual results, performance or achievements to differ materially from those expressed or implied by the forward-looking statements.

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In addition, the Company or persons acting on its behalf may from time to time publish or communicate other items that could also be construed to be forward-looking statements. Statements of this sort are or will be based on the Company’s estimates, assumptions, and projections and are subject to risks and uncertainties that could cause actual results to differ materially from those included in the forward-looking statements. Kaydon does not undertake any responsibility to update its forward-looking statements or risk factors to reflect future events or circumstances except to the extent required by applicable law.

Certain non-GAAP measures are presented in this press release. These measures should be viewed as supplemental data, rather than as substitutes or alternatives to the most comparable GAAP measures.

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KAYDON CORPORATION

CONSOLIDATED STATEMENTS OF OPERATIONS

(In thousands, except per share data)

KAYDON CORPORATION

CONSOLIDATED BALANCE SHEETS

(In thousands)

KAYDON CORPORATION

CONSOLIDATED STATEMENTS OF CASH FLOWS

(In thousands)

KAYDON CORPORATION

REPORTABLE SEGMENT INFORMATION

(In thousands)

The Company has two reporting segments: Friction Control Products and Velocity Control Products. The Company’s remaining operating segments are combined and disclosed as “Other Industrial Products.”

Kaydon Corporation

Reconciliation of Non-GAAP Measures

(In thousands)

Kaydon’s management believes free cash flow, as defined above and a non-GAAP measure, is an important indicator of the Company’s ability to generate excess cash above levels required for capital investment to support future growth. However, it should be viewed as supplemental data, rather than as a substitute or alternative to the comparable GAAP measure.

Kaydon’s management believes EBITDA, as defined above and Adjusted EBITDA, as defined, both non-GAAP measures, are determinants of the Company’s capacity to incur additional senior capital to enhance future profit growth and cash flow growth. In addition, EBITDA is widely used by financial analysts and investors, and is utilized in measuring compliance with financial covenants in the Company’s credit agreement. Also, EBITDA is a metric used to determine payments under the Company’s annual incentive compensation program for senior managers. However, EBITDA, as defined, and Adjusted EBITDA, as defined should be viewed as supplemental data, rather than as substitutes or alternatives to the comparable GAAP measure.

Kaydon Corporation

Reconciliation of Non-GAAP Measures (continued)

(In thousands, except per share data)

Kaydon’s management believes that certain non-GAAP measures of Adjusted operating income, Adjusted interest, net, Adjusted net income, and Adjusted earnings per share—diluted, provide investors with additional information to assess the Company’s financial performance. However, these measures should be viewed as supplemental data, rather than substitutes or alternatives to the comparable GAAP measures.

Kaydon Corporation

Reconciliation of Non-GAAP Measures (continued)

(In thousands, except per share data)