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ERO, INC. COMPLETES ACQUISITION

 ERO, INC. COMPLETES ACQUISITION
 MORTON GROVE, Ill., June 30 /PRNewswire/ -- Robert J. Lipsig,


chairman of ERO, Inc. (NASDAQ: EROI) today announced the company, through its wholly owned subsidiary ERO Industries, Inc., has completed the acquisition of certain assets of SGI Inc., a Cranston, R.I., importer of licensed and branded leisure products.
 The purchase includes the opening assets of SGI's four principal business segments -- Chill(R) soft coolers, High Ridge(R) rugged outdoor packs, School Gear(TM) character-licensed school bags and lunch kits, and Wilson(R) sport bags. The total consideration paid was approximately $12,000,000. In 1991, these business segments had sales in excess of $20,000,000.
 ERO, Inc. is a leading marketer of children's licensed products. The company manufactures and imports slumber products (sleeping bags and playtents), water sports products (flotation jackets and swim accessories) and back-to-school products (back packs and school bags).
 -0- 6/30/92
 /CONTACT: William A. Klettke, senior vice president-finance of ERO, 708-965-3700, ext. 351/
 (EROI) CO: ERO, Inc.; ERO Industries, Inc.; SGI Inc. ST: Illinois IN: HOU SU: TNM


SM -- NY087 -- 5335 06/30/92 16:41 EDT
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Publication:PR Newswire
Date:Jun 30, 1992
Words:187
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