Printer Friendly

FLOW INTERNATIONAL ACQUIRES SPIDER STAGING CORP.

FLOW INTERNATIONAL ACQUIRES SPIDER STAGING CORP.
 KENT, Wash., Sept. 30 /PRNewswire/ -- Flow International Corp. (NASDAQ: FLOW) today announced the completion of its acquisition of Spider Staging Corp. Shareholders of Spider Staging Corp. approved the merger in a meeting of shareholders this morning.
 "We're excited to be finalizing this acquisition quickly so that we can begin taking advantage of the synergies offered by this combination," said Ronald W. Tarrant, president and chief executive officer. "Spider, an established Seattle organization with a significant revenue growth record over the last few years also brings 16 branch locations that are an important extension of our sales organization domestically. We also believe that our international distribution network will enhance the sale of Spider products outside the United States."
 Flow announced a definitive agreement Sept. 10 to acquire all of the outstanding shares of Spider Staging Corp.
 "We're ready to move quickly and aggressively to enhance the value of this acquisition to our shareholders," continued Tarrant.
 Spider Staging Corp., of Tukwila, Wash., is the leading supplier of temporary and permanently installed power-driven scaffolding equipment to the maintenance and construction industries in the United States.
 Flow International Corp. is the world's leading manufacturer of ultra-high pressure waterjets for industrial cutting, cleaning and HydroMilling(R) services.
 -0- 09/30/92
 CONTACT: Thomas A. Cross, or Glady Christenson of Flow International, 800-645-6992, or 206-872-3286; or Monty Dennison of The Rockey Company, 206-728-1100, for Flow International
 (FLOW) CO: FLOW INTERNATIONAL CORP.; SPIDER STAGING CORP. SU: TNM ST: WA -- SE010 -- X740 09/30/92
COPYRIGHT 1992 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Sep 30, 1992
Words:253
Previous Article:C O R R E C T I O N -- ANR PIPELINE
Next Article:7-11 STAIR CODE OVERTURNED AT BOCA HEARING
Topics:


Related Articles
FLOW INTERNATIONAL SIGNS AGREEMENT TO ACQUIRE SPIDER STAGING CORP.
FLOW INTERNATIONAL CORP. REPORTS RECORD SECOND-QUARTER SALES, EARNINGS
FLOW INTERNATIONAL CORP. REPORTS RECORD THIRD-QUARTER SALES, EARNINGS
FLOW INTERNATIONAL SIGNS LETTER OF INTENT TO ACQUIRE POWER CLIMBER
FLOW INTERNATIONAL CORP. REPORTS INCREASED FOURTH-QUARTER SALES
FLOW INTERNATIONAL APPOINTS DIRECTORS
FLOW INTERNATIONAL CORP. REPORTS INCREASED FIRST QUARTER SALES AND EARNINGS
FLOW INTERNATIONAL SIGNS LETTER OF INTENT
FLOW INTERNATIONAL RESPONDS TO JUSTICE DEPARTMENT ANNOUNCEMENT
FLOW INTERNATIONAL WITHDRAWS FROM PROPOSED ACQUISITION

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters