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IMO SELLS ITS HEIM BEARINGS DIVISION

 LAWRENCEVILLE, N.J., May 24 /PRNewswire/ -- Imo Industries Inc. (NYSE: IMD) announced today that it has sold the assets of its Heim Bearings Division to Roller Bearing Company of America, Inc.
 Heim, located in Fairfield, Conn., manufactures spherical and rod- end bearings for commercial and aerospace markets. Heim revenue in 1992 was about $15 million. Privately held Roller Bearing Company of America, headquartered in Newtown, Pa., manufactures ball and roller bearings.
 The sale is part of the divestiture program announced by Imo in the latter part of 1992. As part of the sale, Imo will retain ownership of the Heim manufacturing facility in Fairfield, which will be leased to Roller Bearing Company of America.
 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- 5/24/93
 /CONTACT: Paul B. Lazovick, director of Investor Relations for Imo Industries, 609-896-7615/
 (IMD)


CO: Imo Industries Inc.; Roller Bearing Company of America, Inc. ST: New Jersey, Connecticut, Pennsylvania IN: SU: TNM

MK -- PH004 -- 1530 05/24/93 08:48 EDT
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Publication:PR Newswire
Date:May 24, 1993
Words:188
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