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INVESTOR GROUP PURCHASES AN ALCO STANDARD OPERATING GROUP TO FORM THE TRIUMPH GROUP

 VALLEY FORGE, Pa., July 26 /PRNewswire/ -- Richard C. Ill of Berwyn, Pa., today announced the formation of The Triumph Group, Inc., a private company engaged in commercial aviation overhaul and repair, industrial precision machining, paper converting and flat rolled steel conversion and distribution.
 The company, formerly known as Alco Diversified Services, was purchased from Alco Standard Corporation (NYSE: ASN) located in Valley Forge. Alco Diversified Services was one of three Alco Standard operating groups. The Triumph Group, Inc. corporate headquarters will be located in Wayne, Pa.
 A management and investor group was formed to purchase the company from Alco Standard. The company had 1992 sales of $227 million. It operates 13 subsidiary companies with 1,450 employees at 22 facilities in 15 states.
 The corporate officers are Richard C. Ill, president and chief executive officer; John R. Bartholdson of Malvern, Pa., senior vice president, chief financial officer and treasurer; Paul T. Stimmler of West Chester, Pa., vice president and secretary; and Kevin E. Kindig of West Chester, controller.
 /delval/
 -0- 7/26/93
 /CONTACT: Paul T. Stimmler, vice president, administration, of The Triumph Group, 215-296-8505/
 (ASN)


CO: The Triumph Group, Inc.; Alco Standard Corporation; Alco
 Diversified Services ST: Pennsylvania IN: SU: TNM


MJ-LJ -- PH008 -- 5623 07/26/93 10:47 EDT
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Publication:PR Newswire
Date:Jul 26, 1993
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