Printer Friendly

BRAND ANNOUNCES CONTRACT SIGNING AND ACQUISITIONS

 BRAND ANNOUNCES CONTRACT SIGNING AND ACQUISITIONS
 WESTCHESTER, Ill., March 11 /PRNewswire/ -- The Brand Companies,


Inc. (NASDAQ: BRAN) reported that it has entered into a contract with the government of the Philippines for the dredging of volcanic ash from certain rivers. The contract is to be completed over the next 16-20 months and will have a total contract value of $12-to-$14-million depending on the volume of material that is removed. The company is scheduled to begin work on the project in the next 30 days.
 Separately, the company also reported that in the last month it completed the acquisition of two industrial cleaning companies, one specialty dredging company and one scaffolding company. Brand acquired the stock of Hydro-Services, Inc., located in Gardena, Calif., and acquired the stock of Industrial Cleaning & Pumping, Inc. ("Stanco") located outside of Salt Lake City. Hydro-Services provides industrial cleaning services to the southern and northern California marketplace while Stanco provides the same services to the Rocky Mountain region. The company also completed the acquisition of the assets of Dredgeman Manufacturing Co., a specialty dredging company located in Franklin, Tenn., and purchased the stock of JLG Scaffolding, Ltd. located in Vancouver, B.C. These acquisitions are expected to generate approximately $25 million in annual revenues in 1992.
 The Brand Companies, Inc. is one of the nation's leading suppliers of industrial and environmental services.
 -0- 3/11/92
 /CONTACT: Harold Ingalls, chief financial officer of the Brand


Companies, 708-947-3502/
 (BRAN) CO: Brand Companies, Inc. ST: Illinois IN: SU: TNM CON


AH -- NY053 -- 7362 03/11/92 14:28 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:Mar 11, 1992
Words:261
Previous Article:TAMPA ATTORNEY WINS $5.3 MILLION AWARD AGAINST CIGNA SECURITIES
Next Article:NEWS CONFERENCE TO ANNOUNCE $10,000 NEIGHBORHOOD ENRICHMENT AWARD FROM THE EAST OHIO GAS COMPANY
Topics:


Related Articles
BRAND ANNOUNCES CONTRACT SIGNING AND ACQUISITIONS
UNITED DISTILLERS AND HEAVEN HILL DISTILLERIES REACH AGREEMENT
TANDY BRANDS ACCESSORIES PURCHASES RIGHTS TO BARRY WELLS TRADENAME
CheckFree Corporation Announces Record Quarterly Revenues and Contracts With Another 23 Financial Institutions
Culligan Announces Acquisition Of UK-Based Dewplan Limited; Awarded Increase In Caribbean Government Contract
Brewer's Association position paper on Miller contract.
Buckhead America Completes Acquisition of Hotel Management Contracts In Missouri and Kansas.
PR Newswire Southeast Summary, Wednesday, Aug. 9, to 4:15 p.m. EST.
Johnson Wax Professional Acquires Butcher's.
PR Newswire Mid-Atlantic Summary, Wednesday, Dec. 20 Through 3:00 P.M. ET.

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