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BIO-RAD TO CLOSE OTTAWA SEMICONDUCTOR EQUIPMENT FACILITY; SEES ENCOURAGING SIGNS IN OTHER ANALYTICAL INSTRUMENT OPERATIONS

 HERCULES, Calif., Nov. 17 ~PRNewswire~ -- Bio-Rad Laboratories Inc. (AMEX: BIO.A, BIO.B) reported it will be ceasing operations at its semiconductor equipment facility in Ottawa, Canada. This unit designs and manufactures scanning electron microscopes which sell for up to $1,200,000 each.
 David Schwartz, president of Bio-Rad, said this decision was made after a detailed review showed it would require substantial investment in product development to remain competitive in this product line. He indicated the company has more promising opportunities in other parts of its business.
 This action will not negatively impact future earnings due to reserves and restructuring charges recorded in the second quarter of 1992. The company will receive a tax benefit of approximately $2.7 million in 1992 as a result of discontinuation of the Ottawa operation.
 The company will be continuing all other analytical instrument and semiconductor operations. Bio-Rad will be responsible for service and support of products previously sold by the Ottowa unit. The close-down of this facility will be completed by the end of 1992.
 Schwartz indicated the outlook for the company's other analytical instrument and semiconductor equipment operations was starting to improve. He said this was the result of an increased focus on marketing activities and the introduction of new products. "The past several years have been difficult ones for this segment of Bio-Rad's business, but we are finally starting to see some encouraging signs." He said new orders in the analytical instruments group are improving and shipments should be up in the fourth quarter. "I expect losses from this group will be reduced in 1993."
 Bio-Rad Laboratories is a multinational manufacturer and distributor of life science research products, clinical diagnostics and analytical instruments, based in Hercules.
 -0- 11~17~92
 ~CONTACT: James L. Viglienzone, treasurer of Bio-Rad, 510-724-5697~
 (BIO.A BIO.B)


CO: Bio-Rad Laboratories Inc. ST: California, Ottawa IN: MTC SU:

TM -- SF002 -- 1660 11~17~92 08:01 EST
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Publication:PR Newswire
Date:Nov 17, 1992
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