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HARBOUR GROUP ANNOUNCES TRANSACTION WITH GSW PUMP

 HARBOUR GROUP ANNOUNCES TRANSACTION WITH GSW PUMP
 ST. LOUIS, Oct. 7 /PRNewswire/ -- Sam Fox, chairman and chief


executive officer of Harbour Group, announced today that one of Harbour Group's companies, Burks Pumps, Inc. has acquired the Engineered Products Division of GSW Pump Company and simultaneously agreed to sell its Water Systems business to GSW. Terms of the transactions were not disclosed.
 The Engineered Products Division of GSW is based in Bramalea, Ontario, and will be renamed Barnes Pumps Canada Inc. and operate as a wholly owned subsidiary of Burks Pumps. Mr. Fox stated, "This is a good complementary acquisition for Burks. The product lines being acquired have been manufactured by GSW under a license agreement with a subsidiary of Burks for approximately 20 years."
 Burks Pumps is headquartered in Piqua, Ohio, and is a leading manufacturer of engineered sewage pumps and specialty industrial pumps. Burks also maintains operations in Decatur, Illinois, and Mansfield, Ohio, in addition to its new operation in Bramalea, Ontario.
 GSW is acquiring Burks' water well pump division based in Conway, Ark., which will be renamed Aermotor Pumps Inc. "GSW is the leading Canadian manufacturer of residential water well pumps and is strategically interested in establishing a manufacturing presence in the United States," commented Fox. "Burks' emphasis is on the development of its engineered product business. This transaction enables both companies to concentrate on their core markets."
 Harbour Group is a privately owned operating company based in St. Louis. In addition to the pump operations, the Harbour Group family of companies encompasses five other business groups which manufacture carbide and high speed steel cutting tools, aluminum master alloys, rubber sealing products, engineered polymers, and special purpose machine tools. Harbour Group operates more than 30 plants in the United States, Canada, and Europe, with annual sales of approximately $500 million and more than 4,500 employees.
 -0- 10/7/92
 /CONTACT: Alfred Fleishman, 314-982-1700, for Harbour Group/ CO: Harbour Group; Burks Pumps, Inc. ST: Missouri, Ohio IN: SU: TNM


KD -- NY058 -- 7609 10/07/92 17:11 EDT
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Publication:PR Newswire
Date:Oct 7, 1992
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