HEMODYNAMICS ANNOUNCES THE ACQUISITION OF TOP-LINE CONSTRUCTION FASTENER LINE FROM C. ITOH & CO.
HEMODYNAMICS ANNOUNCES THE ACQUISITION OF TOP-LINE CONSTRUCTION FASTENER LINE FROM C. ITOH & CO. BOCA RATON, Fla., Feb. 3 /PRNewswire/ -- Hemodynamics, Inc. (NASDAQ: HMDY) announced today, through its TL Fasteners Corp. subsidiary that it had acquired Top-Line Construction fastener line from C. Itoh & Co. (America), Inc., the Japanese trading company, for an undisclosed cash purchase price. Irwin N. Schneider, CEO of Hemodynamics, stated this acquisition of Top-Line is another step in the company's disclosed plan to grow through acquisition. Additionally, Schneider stated that the Top-Line line of fasteners complements the business of ESC Industries and Economy Fasteners, two Hemodynamics' fastener companies, recently acquired. All Hemodynamics fastener companies design and distribute a variety of concrete and like fasteners to the construction trades as well as packaged fasteners and hollow wall anchors to retailers for resale to the general public. Hemodynamics is a Florida-based company, manufacturing and marketing medical devices designed to detect Venous Insufficiency and Deep Vein Thrombosis. In addition to ESC Industries, Inc., Economy Fasteners, Inc. and now TL Fastener Corp., it also has acquired and operates Protective Apparel Corporation of America, Inc., a Norris, Tenn.-based manufacturer of ballistic resistant garments. -0- 2/3/92 /CONTACT: Martin Cohen of Hemodynamics, Inc. 800-624-3982 or 407-994-4700/ (HMDY) CO: Hemodynamics, Inc.; TL Fasteners Corp.; C. Itoh & Co. ST: Florida IN: HEA MTC SU: TNM
SS-AW -- FL015 -- 6243 02/03/92 13:56 EST
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|Date:||Feb 3, 1992|
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