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HOBART BROTHERS COMPANY PURCHASES MCKAY DIVISION OF TELEDYNE

 TROY, Ohio, Dec. 16 /PRNewswire/ -- Hobart Brothers Company, Troy, Ohio, has just completed the acquisition of the McKay Division, York, Pa., of Teledyne Industries, a recognized leader in stainless steel and hardsurfacing filler metals in North America.
 "This move is yet another indication of how Hobart Brothers Company intends to strengthen its leadership role in the welding industry," said Michael A. Wolf, Hobart's president and chief operating officer. "It demonstrates our strategy to grow our core welding business by continuing to expand our presence in the marketplace."
 Hobart Brothers Company will continue to sell its products through current distribution channels; McKay products will be marketed through current McKay distributors. Both lines will be expanded to include the latest technology in stainless steel and hardsurfacing.
 "What this acquisition will do is strengthen our mutual ability to serve our customers better by providing them an expanded product line of respected brand names, all backed by proven distribution capabilities and our traditional commitment to quality," Wolf added. "The added strength that this acquisition brings to Hobart will help us to serve our many customers, even better than we have in the past."
 -0- 12/16/92
 /CONTACT: Glenn Nally, director of corporate communications, Hobart Brothers Company, 513-332-4000/


CO: Hobart Brothers Company ST: Ohio IN: MNG SU: TNM

BM -- CL015 -- 7904 12/16/92 17:06 EST
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Publication:PR Newswire
Date:Dec 16, 1992
Words:223
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