YORK INTERNATIONAL ACQUIRES MILLER-PICKING CORPORATION
YORK INTERNATIONAL ACQUIRES MILLER-PICKING CORPORATION YORK, Pa., Sept. 28 /PRNewswire/ -- York International Corporation
See: New York Stock Exchange : YRK) announced today the purchase of Miller-Picking Corporation of Johnstown Johnstown.
1 City (1990 pop. 9,058), seat of Fulton co., E central N.Y.; founded 1772, inc. 1895. Its leather-glove industry dates back to 1800; other leather and knitted goods are also made. , Pa.
The terms of the acquisition were undisclosed. Miller-Picking, established in 1958, is a well-respected manufacturer of air handling and filtration products. The company, with manufacturing facilities in Johnstown, and Hattiesburg, Miss., offers a wide array of air handling equipment with capacities ranging between 1000 to 150,000 CFM and special compressorized machinery from 5 to 300 tons cooling capacity. Miller-Picking's product offerings include coils, dehumidification products, air handlers and air filters. According to Howard Bull, president of York International's Air Conditioning Business Group, "The acquistion of Miller Picking further enhances the breadth and depth of our airside product offering. We are pleased to be able to add this high-quality product offering to our airside capability. At the same time, we are looking forward to our association with Miller Picking's talented network of sales representatives. Strategically, this helps advance our efforts to become a major player in the integrated HVAC systems market to all the existing markets that we serve." Miller-Picking products are sold to a variety of markets. Hospitals, schools, research facilities, manufacturing plants, oil platforms and other industrial and institutional operations are core markets for the company. This acquisition will provide Miller-Picking with access to York's worldwide distribution network and should lead to strong future growth for this operation. According to Miller-Picking President Howard Picking, "We are delighted to join the York International family of companies. York is clearly one of the strongest, and fastest growing companies in the international HVAC&R business. We are excited about our future growth potential as a member of a financially strong, publicly held organization which is totally focused on the HVAC&R industry. We believe that we will bring an essential strength to York's airside product offerings." York International Corporation is a full-line, global manufacturer of heating, ventilating, air conditioning, and refrigeration products. York is the third-largest HVAC&R manufacturer in the United States and a leading competitor in the industry internationally. The company's products are sold in more than 100 countries and York has over 12,000 employees. /delval/ -0- 9/28/92 /CONTACT: Helen Marsteller, manager, Investor Relations of York International, 717-771-7451/ (YRK) CO: York International; Miller-Picking Corporation ST: Pennsylvania IN: SU: TNM
CC -- PH001 -- 3807 09/28/92 08:03 EDT EDT
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