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FLOW INTERNATIONAL SIGNS LETTER OF INTENT TO ACQUIRE POWER CLIMBER

 KENT, Wash., March 16 /PRNewswire/ -- Flow International Corp. (NASDAQ: FLOW) today announced that it has signed a letter of intent to acquire the assets of Power Climber Inc. and affiliated companies.
 Power Climber, a $7-million provider of traction hoists and related powered scaffolding equipment, manufactures and markets its products from Los Angeles, Calif., and Antwerp, Belgium.
 "The acquisition of Power Climber will position us for aggressive expansion of powered scaffolding product sales in key international markets. In addition, we currently private label a traction hoist made by Power Climber. This combination will assure us of a long-term source of supply," said Ronald W. Tarrant, president and chief executive officer.
 "Power Climber's worldwide dealer network is important for our growth both domestically and internationally," said William A. Keadle, senior vice president, construction products and services.
 The cash acquisition is expected to be finalized within 30 days.
 Flow International Corp. is the world's leading provider of ultrahigh-pressure waterjets and related products and services for the industrial cutting, cleaning and construction services markets.
 -0- 3/16/93
 /CONTACT: Thomas A. Cross or Steve Reichenbach of Flow International, 206-813-3286/
 (FLOW)


CO: Flow International Corp.; Power Climber Inc. ST: Washington IN: SU: TNM

SW-LM -- SE001 -- 6400 03/16/93 09:05 EST
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Publication:PR Newswire
Date:Mar 16, 1993
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