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IMO COMPLETES SALE OF AEROSPACE DIVISIONS

 LAWRENCEVILLE, N.J., Oct. 1 /PRNewswire/ -- Imo Industries Inc. (NYSE: IMD) announced today that it has completed the sale of its four aerospace divisions to an affiliate of Kelso & Company, Inc., for $56 million in cash.
 The four divisions involved -- Adel Fasteners, Aeroproducts, Controlex and Wiggins Connectors -- serve mainly the military and commercial aerospace markets.
 This sale is part of the asset divestiture program announced by Imo in the latter part of 1992, proceeds of which will be used to pay down senior debt.
 Imo, with 1992 sales of $928 million, supplies analytical and optical instruments, electronic and mechanical controls, engineered power products and their support services to industrial and defense customers worldwide.
 /delval/
 -0- 10/1/93
 /CONTACT: Paul B. Lazovick, director of Investor Relations, of Imo Industries, 609-896-7615/
 (IMD)


CO: Imo Industries Inc.; Kelso & Company, Inc. ST: New Jersey, New York IN: ARO SU: TNM

MK -- PH005 -- 7651 10/01/93 08:52 EDT
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Publication:PR Newswire
Date:Oct 1, 1993
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