Printer Friendly

MORRISON KNUDSEN COMPLETES ACQUISITION OF TURBOCHARGER MANUFACTURER

 BOISE, Idaho, Dec. 31 /PRNewswire/ -- Morrison Knudsen Corp. (MK) (NYSE: MRN) today announced that MK has completed acquisition of TMS Inc., a leading manufacturer of turbochargers for locomotive, industrial and marine engines, related components and other precision parts.
 "This acquisition expands MK's product base and is part of our strategy to


continually strengthen the company's position in the railroad industry," said William J. Agee, MK chairman and chief executive officer. "TMS has a well-deserved reputation for quality and technical sophistication which will benefit MK and its customers," he added.
 Agee said the Latham, N.Y.-based TMS enhances MK's ability to develop new product lines, including more fuel-efficient locomotives.
 TMS will be part of MK's Rail Systems Group and is the company's third recent acquisition of a railroad industry supplier. In 1991, MK acquired Motors Coils Manufacturing Co. of Pittsburgh, a leading remanufacturer of locomotive traction motors and alternators. Earlier this year, the company acquired Chicago-based Power Parts Co., one of the world's largest distributors of non-critical engine parts for locomotives.
 Morrison Knudsen Corp. is an international company serving the environmental, industrial process, power and transportation markets with complete development, design/engineering, construction, operating and financial services.
 -0- 12/31/92
 /CONTACT: Stan Crow of Morrison Knudsen, 208-386-5387/
 (MRN)


CO: Morrison Knudsen Corp.; TMS Inc. ST: Idaho, New York IN: TRN SU: TNM

LM -- SE003 -- 0878 12/31/92 11:26 EST
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:Dec 31, 1992
Words:232
Previous Article:BETHLEHEM STEEL ANNOUNCES SALE OF PENNSYLVANIA COAL MINE AND RESERVES
Next Article:WHAT'S BEING DONE TO SAVE THE OZONE?
Topics:


Related Articles
MORRISON KNUDSEN AWARDED CONSTRUCTION-MANAGEMENT CONTRACT BY MERCK
MK ANNOUNCES INTENT TO BUY MANUFACTURER OF TURBOCHARGERS
MORRISON KNUDSEN UNVEILS FIRST PASSENGER RAIL CAR BUILT AT CHICAGO'S HISTORIC PULLMAN PLANT SINCE WORLD WAR II
MORRISON KNUDSEN ARGENTINA RAIL FACILITY RECEIVES FIRST CONTRACT
MK PURCHASES MANUFACTURER OF LOCOMOTIVE TURBOCHARGERS
MORRISON KNUDSEN PURCHASES MANUFACTURER OF LOCOMOTIVE COMPONENTS
MK ACQUIRES SUPPLIER OF LOCOMOTIVE COOLING SYSTEMS
MORRISON KNUDSEN SIGNS $360-MILLION CONTRACT TO OVERHAUL AND MAINTAIN LOCOMOTIVES IN MEXICO
MORRISON KNUDSEN DIRECTORS DECLARE 20-CENT CASH DIVIDEND
MORRISON KNUDSEN DIRECTORS DECLARE 20-CENT CASH DIVIDEND

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