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IMO COMPLETES SALE OF BARKSDALE DIVISION

 LAWRENCEVILLE, N.J., Dec. 8 /PRNewswire/ -- Imo Industries Inc. (NYSE: IMD) announced today that it has completed the sale of its Barksdale Controls business to Mark Controls Corporation for $28.6 million in cash.
 Barksdale, located in Los Angeles and Reichelsheim, Germany, designs and manufactures directional control valves, pressure and temperature switches, and pressure transducers.
 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- 12/8/93
 /CONTACT: Paul B. Lazovick, director of Investor Relations for Imo Industries, 609-896-7615/
 (IMD)


CO: Imo Industries Inc.; Mark Controls Corporation ST: New Jersey IN: SU: TNM

JM -- PH022 -- 1853 12/08/93 14:57 EST
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Publication:PR Newswire
Date:Dec 8, 1993
Words:153
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