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HARBOUR GROUP ACQUIRES PNEUMATIC PRODUCTS CORPORATION

 HARBOUR GROUP ACQUIRES PNEUMATIC PRODUCTS CORPORATION
 ST. LOUIS, Oct. 27 /PRNewswire/ -- Sam Fox, chairman and chief executive officer of Harbour Group, announced today that a newly formed Harbour Group company, Flair Corporation, has acquired all of the stock of Pneumatic Products Corporation. The company's sales exceed $35 million, and the company employs 250 people in two locations. Terms of the acquisition were not disclosed.
 Pneumatic Products Corporation, located in Ocala, Fla., is a leading designer and manufacturer of compressed air dryers and filters, and is a leading manufacturer of solvent recycling equipment through the recent acquisition of the assets of Siva International, Inc.
 Mr. Fox stated that the acquisition of Pneumatic Products Corporation marks Harbour Group's entry into the compressed air treatment and environmentally related solvent recycling industries.
 Harbour Group is a privately owned company based in St. Louis. In addition to Flair Corporation, the Harbour Group family of companies encompasses ten business groups which manufacture carbide and high speed cutting tools, pumps, elastomer and teflon products, plastic injection molded and structured foam molded products, aluminum master alloys, tools and dies, resistance welding machines, and large specialty machines. Harbour Group operates 30 plants in the United States, Canada, and Europe, with annual sales of $500 million and approximately 4,500 employees.
 -0- 10/27/92
 /CONTACT: Alfred Fleishman, for Harbour Group, 314-982-1700/ CO: Harbour Group; Pneumatic Products Corporation ST: Missouri IN: SU: TNM


AH -- NY119 -- 5616 10/27/92 16:21 EST
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Publication:PR Newswire
Date:Oct 27, 1992
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