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FLOW INTERNATIONAL SIGNS LETTER OF INTENT

 KENT, Wash., Nov. 15 /PRNewswire/ -- Flow International Corp. (NASDAQ: FLOW) announced today that it had signed a letter of intent to acquire the assets of the Waterjet Cutting Systems Division of Ingersoll- Rand Co. (NYSE: IR). Completion of the transaction is contingent upon finalization of a definitive acquisition agreement, government clearance and other items.
 "We look forward to strengthening the position of our materials separation division, offer our customers a broader array of products and service, and to be even more competitive with other materials separation technologies," confirmed Ronald W. Tarrant, Flow's president and chief executive officer. "This transaction is a very significant one for our company, as it accomplishes another important step in the completion of our long range strategic plan. We hope to be able to complete this transaction in the first quarter of the calendar year 1994," he continued.
 Flow International Corp. is the world's leading manufacturer of ultrahigh-pressure waterjets and related products and services for the industrial cutting, cleaning and construction services markets.
 -0- 11/15/93
 /CONTACT: Ronald W. Tarrant of Flow International, 800-645-6992 or 206-813-3286/
 (FLOW IR)


CO: Flow International Corp.; Ingersoll-Rand Co. ST: Washington IN: SU: TNM

IC-JH -- SE001 -- 4164 11/15/93 07:55 EST
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Publication:PR Newswire
Date:Nov 15, 1993
Words:203
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