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INDRESCO INC. COMPLETES TRANSACTION WITH KOMATSU

 DALLAS, Sept. 30 /PRNewswire/ -- INDRESCO Inc. (NYSE: ID) announced today that it and Komatsu have completed the previously announced transaction that modifies their relative ownership interests in the partnership, Komatsu Dresser Company (KDC), headquartered in Lincolnshire, Ill., effective today, Sept. 30, 1993.
 Komatsu has increased its ownership interest in the partnership from 50 percent to 81 percent and INDRESCO's interest has decreased from 50 percent to 19 percent. In consideration of the modification of its interest, INDRESCO will receive the approximate pro rata book value of KDC adjusted for retiree health care obligations.
 INDRESCO, headquartered in Dallas, is a major supplier of surface and underground mining equipment, refractories for high-temperature processes, and specialized air equipment. INDRESCO's 1992 consolidated revenues totaled $559 million.
 -0- 9/30/93
 /CONTACT: Gene E. Leeson of INDRESCO Inc., 214-953-4505/
 (ID)


CO: INDRESCO Inc.; Komatsu Dresser Company ST: Texas, Illinois IN: MAC SU: TNM

LG -- NY081 -- 7374 09/30/93 14:25 EDT
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Publication:PR Newswire
Date:Sep 30, 1993
Words:157
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