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FUQUA COMPLETES DP ACQUISITION

 ATLANTA, June 8 /PRNewswire/ -- Fuqua Industries, Inc. (NYSE: FQA) announced today that it has completed its acquisition of DP(R) (Diversified Products Corporation), strengthening the company's position in the $65 billion "life-sports" industry.
 With 1992 fiscal sales of approximately $190 million, DP(R) is one of the largest and best recognized fitness and recreation equipment companies in the United States. The acquisition is expected to contribute positively to the company's 1993 earnings per share.
 The net purchase price consists of a cash payment of $12 million, the issuance of approximately 1.1 million shares of Fuqua common stock valued at $12 million, and the assumption or payment by a wholly owned subsidiary, DP(R) Acquisition, of certain specific liabilities which include trade payables and a working capital credit line. The company has also agreed to guarantee the $12 million common stock market value for a specified period of time.
 "The DP acquisition boosts the company's position as a competitive force in this market and places us firmly on the path toward achieving our goal of being a leader in the 'life-sports' industry," commented Charles "Red" Scott, president and chief executive officer of Fuqua. Continuing, Scott stated: "As our 1992 Annual Report emphasized, we have sharpened our focus to capitalize on the company's solid foundation in the recreation, fitness and sports industry. DP complements our current investment in the leisure industry and builds on the company's vision to become a dominant player in this under-represented market."
 Founded in 1961, Opelika, Ala.-based DP(R) has grown to manufacture and market a diverse product line of fitness and recreation equipment, including motorized treadmills, exercise bicycles, ski machines, steppers, rowing machines, home weight systems, weights, and various specialty exercise equipment. DP(R) products are sold by most major sporting goods retailers and mass merchandisers across North America. DP(R) has recently launched two highly successful direct response marketing programs, BodyShaping(R) and Body By Jake(TM), two of the most highly watched fitness shows on television today. The Body By Jake(TM) Firm Flex Infomercial, featuring Jake Steinfeld, is considered to be one of the most successful in the industry for 1993.
 Michael A. Lustig, Fuqua's vice president-corporate development, stated: "What prompted us to pursue this acquisition was the strong management team already in place at DP. Steve O'Brien, president and chief executive officer, held several key leadership positions with General Electric Company, and we feel his expertise will assist in the realization of DP's potential." Lustig continued: "We also like the fact that DP is not confined to one distribution channel. Their diverse distribution network, including contacts in North and South America as well as Europe, will enhance our partner companies' overall presence as well as give them greater market flexibility."
 Fuqua Industries, Inc. now has five companies engaged in the broader leisure industry: DP(R) (fitness and recreation equipment); Qualex (photofinishing), a joint venture with Eastman Kodak (NYSE: EK); Hutch Sports USA (sporting goods equipment); Nelson/Weather-Rite (camping and outdoor products); and Willow Hosiery (athletic hosiery). These companies provide high-quality, brand name consumer products through distribution channels to retail markets across the United States.
 -0- 6/8/93
 /CONTACT: Michael A. Lustig, vice president-Corporate Development, or Bridget B. Sullivan, manager-Investor Relations, of Fuqua Industries, 404-658-9000/
 (FQA EK)


CO: Fuqua Industries, Inc.; Diversified Products Corporation ST: Georgia IN: SU: TNM

RA-BR -- AT007 -- 6636 06/08/93 14:48 EDT
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Date:Jun 8, 1993
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