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BF GOODRICH TO ACQUIRE AEROSPACE UNIT OF ROSEMOUNT

 AKRON, Ohio, Nov. 10 /PRNewswire/ -- The BFGoodrich Company (NYSE: GR) and Emerson Electric Co. (NYSE: EMR) have signed a definitive agreement for BFGoodrich to acquire the Aerospace unit of Rosemount Inc. from Emerson. Goodrich will pay about $300 million in cash for Rosemount Aerospace, the industry leader in the design and manufacture of aerospace sensors and related equipment. Rosemount Aerospace, with 1993 fiscal year sales of $130 million, will be operated within BFGoodrich Aerospace. The sale is subject to certain regulatory filings and is expected to be completed by the end of 1993.
 BFGoodrich Chairman and Chief Executive Officer John D. Ong said, "Rosemount Aerospace is an excellent company, with an outstanding reputation in the industry for technology, quality and performance. This acquisition advances our strategy of expanding our aerospace businesses and will enhance our ability to produce consistent and significantly higher earnings in the years ahead."
 The acquisition is the largest in BFG's history, exceeding the purchase in June of Cleveland Pneumatic Company, a manufacturer of aircraft landing gear.
 Rosemount Aerospace, headquartered in Burnsville, Minn., is part of Rosemount Inc., a wholly owned subsidiary of Emerson. Rosemount Aerospace operates manufacturing facilities in Burnsville and Egan, Minn., and Bognor Regis, England. The company currently employs about 1,200. Under BFG ownership, Rosemount Aerospace will continue to participate in research and development activities at the Rosemount Inc. solid-state technology center in Eden Prairie, Minn.
 Sensors receive and respond to changes in conditions, such as temperature and pressure. They are critical to the proper functioning of most aircraft components and systems and are found on all categories of aerospace vehicles.
 David L. Burner, president of BFGoodrich Aerospace, said, "This acquisition is a significant step in our planned growth as a developer and integrator of aircraft systems. We now will be able to apply state- of-the-art Rosemount Aerospace sensor technology across a broad range of our existing aerospace products. This will improve our ability to develop intelligent systems -- that not only know when to turn on and off, but that self-adjust as conditions change."
 Burner cited such areas of BFG expertise as fuel management, ice protection, and braking systems as prime candidates for development of these systems.
 BFGoodrich Aerospace is one of the world's leading providers of aircraft systems, components and services. BFGoodrich also manufactures a wide range of specialty chemicals. BFG specialty chemicals are used in such products as pharmaceuticals, cosmetics, personal-care items, printing and textile inks, sealants, fire sprinkler piping systems, adhesives and specialty coatings for building maintenance and construction.
 Sales from BFG's aerospace and specialty chemicals businesses during 1992 were $1.6 billion. BFGoodrich, headquartered in Bath, Ohio, employs about 11,000.
 -0- 11/10/93
 /CONTACT: Rob Jewell (media), 216-374-2999, or Tom King (investors), 216-374-2556, both of BFGoodrich/
 (GR EMR)


CO: The BFGoodrich Company; Rosemount Inc. ST: Ohio, Minnesota IN: ARO SU: TNM

AR-KL -- CL008 -- 2656 11/10/93 10:02 EST
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Publication:PR Newswire
Date:Nov 10, 1993
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