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REXNORD CORPORATION ANNOUNCES PRODUCT LINE EXPANSION

 MILWAUKEE, July 8 /PRNewswire/ -- Rexnord Corporation (NYSE: REX) announced today that it is expanding its presence in the conveyor components and accessories market as a result of reaching final agreement for the purchase of a substantial equity position in Marbett SpA, a company based in Italy serving primarily the European marketplace. Marbett is a manufacturer of conveyor components and accessories and is highly regarded and respected in the industrial markets for the quality, engineering and innovation of its products. James R. Swenson, chairman, CEO and president of Rexnord Corporation stated, "The Marbett product line is an excellent fit both from a geographic and strategic standpoint for Rexnord. The working alliance with Marbett creates a more substantial presence in Europe and creates enhanced growth opportunities for Marbett and Rexnord products worldwide." Marbett's annual sales for its latest fiscal year were approximately $20 million. Terms of the agreement were not disclosed.
 -0- 7/08/93
 /CONTACT: Tom Jansen of Rexnord Corporation, 414-643-2252/


CO: Rexnord Corporation ST: Minnesota IN: SU: PDT

DB -- MN006 -- 9522 07/08/93 13:01 EDT
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Publication:PR Newswire
Date:Jul 8, 1993
Words:177
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