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HARPER-WYMAN, MABESA, S.A. de C.V. ANNOUNCE AGREEMENT

 HARPER-WYMAN, MABESA, S.A. de C.V. ANNOUNCE AGREEMENT
 AURORA, Ill., Jan. 29 /PRNewswire/ -- Harper-Wyman Company and


Mabesa, S.A. de C.V. (Mabe) announced today that an agreement had been reached under which Harper-Wyman will license Mabe to manufacture certain of Harper-Wyman designed products for sale in Mexico and other countries excluding the U.S.A., Canada and Europe. In addition, Harper- Wyman will supply Mabe with gas control components for the Mexican and South American markets. This agreement runs initially through December 1994. Mabe is considered Mexico's premier major appliance manufacturer.
 Ray Mehra, president of Harper-Wyman stated, "The execution of this agreement with Mabesa, S.A. de C.V. is another step towards Harper- Wyman's goal of becoming a world leader in the manufacture and supply of gas stove components to the world leaders of the major appliance industry. We will be participating in the Domotechnics Fair in Cologne where we will evaluate additional business opportunities within the European community."
 Harper-Wyman, headquartered in Aurora, Ill., is a 64-year-old manufacturer of components and controls for gas ranges and ovens. Harper-Wyman is a subsidiary of Oak Industries Inc. (NYSE: OAK), headquartered in Waltham, Mass.
 -0- 1/29/92
 /CONTACT: Gil Gross, project manager of Harper-Wyman Company, 708-978-8000; or William C. Weaver, chief financial officer for Oak Industries Inc., 617-890-0400/
 (OAK) CO: Harper-Wyman Company; Mabesa, S.A. de C.V.; Oak Industries ST: Illinois, Massachusetts IN: SU: LIC


PB-EG -- NE007 -- 4582 01/29/92 09:07 EST
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Publication:PR Newswire
Date:Jan 29, 1992
Words:246
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