American Equipment Company Acquires Full Interest in Mexico's Maquinaria Panamericana, S.A. de C.V.GREENVILLE, S.C.--(BUSINESS WIRE)--Dec. 16, 1998--American Equipment Company (AMECO AMECO Association of Missing and Exploited Children's Organizations ), the wholly owned equipment rental and sales subsidiary of Fluor Corp., Wednesday announced that it obtained full ownership of Maquinaria Panamericana, S.A. de C.V. (MAPSA MAPSA Michigan Association of Public School Academies MAPSA Member of the Australian Professional Selling Association ) from Grupo ICA Ica (ē`kä), city (1993 pop. 108,724), capital of Ica dept., SW Peru, on the Pan-American Highway. It is a commercial center for the cotton, wool, and wine produced in the region. There are several summer resorts nearby. on Nov. 30, 1998. MAPSA will continue to operate under its current name. In June 1997, AMECO acquired a majority share -- 65 percent -- of MAPSA from Grupo ICA. The transaction cost was not material to Fluor. A leading provider of equipment services in Mexico, MAPSA is a proprietary dealer for several premier manufacturers of construction, mining and industrial machinery, with offices in Mexico City, Guadalajara, Puebla, Villahermosa, and three parts-and-service locations in remote regions of Mexico. Fluor Corp. (NYSE NYSE See: New York Stock Exchange :FLR FLR Floor FLR Florence, Italy (Airport Code) FLR Flare FLR Florida Lambda Rail FLR Forest Land Reserve FLR Forward-Looking Radar FLR Female Led Relationship FLR Force of Lower Readiness ) is one of the world's leading engineering, construction, maintenance, technical and diversified services companies, and is a major producer of low-sulfur coal. In 1998, Fluor Corp.'s sales were $13.5 billion. Fluor Corp. releases are available on Fluor's Corporate News on the Net site at http://www.businesswire.com/cnn/flr.htm. |
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