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FUQUA INDUSTRIES SIGNS LETTER OF INTENT TO ACQUIRE DP(R) (DIVERSIFIED PRODUCTS CORPORATION)

 ATLANTA, March 10 /PRNewswire/ -- Fuqua Industries, Inc. (NYSE: FQA) announced today that it has signed a letter of intent to acquire substantially all of the assets of DP(R) (Diversified Products Corporation), one of the largest and best known fitness and recreation equipment companies.
 DP(R), based in Opelika, Ala., had 1992 sales of approximately $190 million. The transaction has been approved by Westinghouse Credit Corporation, a subsidiary of Westinghouse Electric Company (NYSE: WX), who holds the majority of DP(R)'s debt and a substantial preferred stock position in the company. Terms of the transaction were not disclosed.
 Fuqua previously stated that it has made a commitment to shed its conglomerate status and focus on becoming an operating company with a dominant position in the growing $65 billion "life-sports" segment of the leisure industry. Charles R. Scott, president and chief executive officer of Fuqua said, "The proposed acquisition of DP(R) is a significant step toward achieving that goal."
 DP(R) was founded in 1961 by Fob James, former governor of Alabama, who ran the company until 1978. He was succeeded as president by his brother, Cal James, who ran the company until 1991.
 DP(R), whose trademark is "Fit For Life(R)", manufactures and markets a complete product line of fitness and recreation equipment including motorized treadmills, exercise bicycles, ski machines, steppers, rowing machines, home weight systems, weights, and a variety of specialty exercise equipment. DP(R)'s products are sold through large national retail merchants such as Sears, Kmart, Wal-Mart, Target, Wards, and Service Merchandise plus a variety of sporting goods dealers and other chains. In addition, it has recently become a leader in the rapidly growing fitness-related direct marketing field by sponsoring TV infomercials and selling products in affiliation with TV shows such as Body By Jake(TM) and BodyShaping(R).
 Michael A. Lustig, Fuqua's vice president-corporate development stated, "One of the principal reasons for Fuqua's keen interest in DP(R) was the existence of the strong management team already in place headed by Steve O'Brien, president and chief executive officer." Lustig continued, "Mr. O'Brien formerly held several key leadership positions at the General Electric Company."
 Scott said: "Our interest in the rapidly growing exercise and fitness fields was validated by research conducted for Fuqua by Gallup- Leisure Trends'. The study by Gallup foresees a substantial increase in sales for this industry for the rest of the '90s. It further stated that this growth will be fueled by the wave of health conscious 'baby- boomers' now reaching middle-age." Scott added, "The acquisition of DP(R) represents a cornerstone for Fuqua's expansion into the 'life- sports' arena and complements the company's strategic business plan." The transaction is expected to close in mid-April and is subject to regulatory approval and other customary closing conditions.
 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- 3/10/93
 /CONTACT: Frederick B. Beilstein III, senior vice president, treasurer & C.F.O., or Bridget B. Sullivan, manager-Investor Relations of Fuqua Industries, 404-658-9000/
 (FQA EK WX)


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


RA-BR -- AT011 -- 4855 03/10/93 17:17 EST
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Date:Mar 10, 1993
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