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FUQUA INDUSTRIES ANNOUNCES NEW DEVELOPMENTS

 ATLANTA, March 19 /PRNewswire/ -- Fuqua Industries, Inc. (NYSE: FQA) announced today two new developments in connection with its previously disclosed decision to become "an operating company with a dominant position in a clearly defined business."
 As part of transforming Fuqua Industries into an operating company focusing on "life sports" and leisure, the company announced that Merrill Lynch has been retained to assist in exploring alternatives that will enable it to realize fair value for its substantial investment in Snapper, a manufacturer and distributor of premium brand lawn and garden equipment. In 1992, Snapper had sales of approximately $250 million.
 In addition, the company announced that, because of this change in direction, its board of directors concluded that it is appropriate to change the corporate name, and the company has engaged consultants to assist it in this task.
 On March 10, the company announced the signing of a letter of intent to acquire substantially all the assets of DP(R) (Alabama-based Diversifed Products Corporation), one of the largest and best known fitness and recreation equipment companies. This strategic move was the first significant step in implementing the company's new vision.
 Charles R. "Red" Scott, president of the company, noted that: "When our vision for Fuqua is fully implemented, the company will bear little resemblance to its former self. We are in the process of adopting a more suitable name to reflect our new direction, and we want our stockholders to be aware of that decision."
 Fuqua Industries, Inc. currently has four companies engaged in the broader leisure industry: 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- 3/19/93
 /CONTACT: Frederick B. Beilstein III, senior vice president, treasurer and chief financial officer, or Bridget B. Sullivan, manager, Investor Relations of Fuqua Industries, 404-658-9000/
 (FQA EK)


CO: Fuqua Industries, Inc. ST: Georgia IN: HOU SU:

BR-BN -- AT007 -- 7937 03/19/93 13:35 EST
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Publication:PR Newswire
Date:Mar 19, 1993
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