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HARBOUR GROUP AFFILIATE ACQUIRES A.M.W. INDUSTRIES

 HARBOUR GROUP AFFILIATE ACQUIRES A.M.W. INDUSTRIES
 ST. LOUIS, Nov. 26 /PRNewswire/ -- Sam Fox, chairman and chief


executive officer of Harbour Group, announced today that Burks Pumps, Inc., a Harbour Group affiliate, had concluded the acquisition of the assets and business of A.M.W. Industries, Inc. Terms of this transaction were not disclosed. A.M.W. manufactures and markets the Aermotor line of water system pumps and accessories, the Weinman line of HVAC and industrial pumps, and the Midlan line of contractor pumps.
 A.M.W., headquartered in Conway, Ark., has annual revenues of approximately $27 million. The company employs 150 people and has 100,000 square feet of office, manufacturing and warehouse space in Conway.
 Burks Pumps manufactures submersible, centrifugal and turbine pumps for wastewater, industrial, construction, mining, residential and military applications. Fox views this acquisition as a significant strategic achievement for Burks. "We have been interested in A.M.W. for several years. There are meaningful synergies between the respective product lines in sales, distribution and manufacturing. Furthermore, this acquisition is representative of Harbour Group's commitment to building its core businesses through all phases of the economic cycle," stated Fox.
 Harbour Group is a privately owned company which acquires and develops, for long-term investment, selected manufacturers of industrial products. In addition to the pump industry, Harbour Group owns and operates companies in the cutting tools, fabricated metal products, durable medical equipment, sealing components and plastic injection molding industries. Annual revenues of Harbour Group companies exceed $500 million. These companies employ approximately 5,000 people in plants in the United States, England, Germany and Switzerland.
 -0- 11/26/91
 /CONTACT: Alfred Fleishman, 314-982-1700, for Harbour Group/ CO: Harbour Group; Burks Pumps, Inc.; A.M.W. Industries, Inc. ST: Missouri, Arkansas IN: SU: TNM


GK -- NY054 -- 7343 11/26/91 13:33 EST
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Publication:PR Newswire
Date:Nov 26, 1991
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