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C.H. HEIST CORP. ADDS OHMSTEDE MECHANICAL SERVICES, INC. IN $4.8 MILLION ACQUISITION OF ASSETS

 CLEARWATER, Fla., July 1 /PRNewswire/ -- C.H. Heist Corp. (AMEX: HST) today announced the acquisition of certain assets of Ohmstede Mechanical Services, Inc. (OMSI), Baytown, Texas. OMSI primarily serves refineries and other petrochemical-related plants specializing in on-site heat exchanger repair and maintenance, exchanger cleaning, and bundle extraction. The $4.8 million cash purchase covers assets of OMSI, which is a sister company of Ohmstede, Inc., a leader in the heat exchanger fabrication and maintenance industry. This acquisition will not affect the operations of Ohmstede, Inc., which is headquartered in Beaumont, Texas.
 C.H. Heist, president and chairman, cited the acquisition as "A major step forward in the highly competitive industrial maintenance business. The addition of OMSI will be a natural adjunct to Heist Industrial Services Divisions in the U.S. and Canada." Heist noted that, increasingly, more major petrochemical plants and refineries are looking for a total-package of maintenance and repair. With the addition of OMSI (sales of $11.6 million in 1992), Heist sees his company expanding their market share, particularly in plant turnarounds.
 C.H. Heist Corp. is listed on the American Stock Exchange under the trading symbol of "HST." Heist is a multi-faceted industrial services firm specializing in cleaning and maintenance services for a wide range of industries, including chemical, petrochemical, power generation, pulp and paper, mining, nuclear and metallurgical plants and mills, especially those producing iron and steel. Heist subsidiaries include: Pipe & Boiler Insulation, Inc., an installer and distributor of insulation materials, with emphasis on the industrial sector; Ablest Service Corporation, a temporary help organization serving business, professional and industrial sectors with both white and blue collar professionals.
 -0- 7/1/93
 /CONTACT: Richard J. O'Neil of C.H. Heist Corporation, 813-461-5656/
 (HST)


CO: C.H. Heist Corporation; Ohmstede Mechanical Services, Inc. ST: Florida IN: SU: TNM

AW-JB -- FL007 -- 7639 07/01/93 10:57 EDT
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Publication:PR Newswire
Date:Jul 1, 1993
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