FLOW INTERNATIONAL ANNOUNCES DISTRIBUTION ARRANGEMENT WITH EMERALD CREEK GARNET CO.
FLOW INTERNATIONAL ANNOUNCES DISTRIBUTION ARRANGEMENT WITH EMERALD CREEK GARNET CO. KENT, Wash., Feb. 21 /PRNewswire/ -- Flow International Corp. (NASDAQ: FLOW) today announced a worldwide sales and distribution arrangement with Emerald Creek Garnet Co., a wholly owned subsidiary of Western Garnet Co. (Vancouver: WG). Under this arrangement, Emerald Creek will produce waterjet garnet abrasives to Flow's specifications, and Flow will market these products worldwide. "The arrangement is a natural fit," said Ron Tarrant, Flow's president and chief executive officer. "It gives us an opportunity to sell additional products in the markets we already serve without increasing our cost structure. Our customers can count on quality abrasives, and they will be able to simplify their purchases of garnet by combining them with other purchases from us." Joe Whipple, president of Emerald Creek, explained, "This partnership gives us an opportunity to expand our market presence. Flow's dominance and expertise in the waterjet market and our ability to produce high-quality garnet will make this a successful partnership." Ron McLain, Flow's director of marketing, added, "We estimate the annual market for garnet abrasives in the waterjet business is $5 million, and we want to have a dominant position in this market." Western Garnet Co., through its subsidiary Emerald Creek, is the world's largest producer of garnet. Emerald Creek is located in Fernwood, Idaho. Flow International Corp. is the world's leading manufacturer of ultrahigh-pressure waterjets for industrial cutting, cleaning and HydroMilling(R) services. -0- 2/21/92 /CONTACT: Thomas A. Cross of Flow International, 800-645-6992, or 206-872-3286; or Susan McAllister of The Rockey Co., 206-728-1100, for Flow International/ (FLOW WG.) CO: Flow International; Emerald Creek Garnet Co.; Western Garnet Co. ST: Washington, Idaho IN: SU:
SC-JH -- SE007 -- 1294 02/21/92 09:31 EST
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|Date:||Feb 21, 1992|
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