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BWIP HOLDING INC. ACQUIRES KEROTEST NUCLEAR VALVE LINE

 LONG BEACH, Calif., April 7 /PRNewswire/ -- BWIP Holding Inc. (NASDAQ-NMS: BWIP), parent company of BW/IP International Inc., today announced that it has signed an agreement with Kerotest Manufacturing Corp. to acquire that company's nuclear valve product line.
 The amount of the transaction was not disclosed. Annual sales of the product line are approximately $2 million.
 "The addition of the Kerotest product line allows BW/IP to expand its nuclear market opportunities in the United States, Canada, Europe and the Far East," said Peter C. Valli, chairman and chief executive officer of BW/IP.
 BW/IP offers a complete line of gate, globe and check valves for the nuclear power industry, and has supplied more than 200,000 units to nuclear facilities worldwide. The BW/IP Valves product line now includes non-welded packless valves, instrumentation valves and manifolds.
 Kerotest Manufacturing Corp., located in Pittsburgh, has manufactured valves since 1909. One of the first suppliers of nuclear-quality valves, Kerotest entered the nuclear valve business in 1963.
 BW/IP International is a worldwide supplier of advanced- technology pump, seal and fluid control equipment and services. The company's Pump and Seal segment produces highly engineered pumps and pumping equipment, precision mechanical seals, seal systems and accessories. The company does business under its own name as well as the trade names Byron Jackson, United Centrifugal, Byron Jackson/United and BW Seals.
 -0- 4/7/93
 /CONTACT: Dan Peoples of Peoples & Co., 310-435-3700, or 619-552-1456, for BWIP Holding/
 (BWIP)


CO: BWIP Holding Inc.; BW/IP International Inc.; Kerotest
 Manufacturing Corp. ST: California, Pennsylvania IN: SU: TNM


MS-JL -- SD001 -- 3661 04/07/93 08:45 EDT
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Publication:PR Newswire
Date:Apr 7, 1993
Words:270
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