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INGERSOLL-RAND ACQUIRES SPANISH BEARING COMPANY

 INGERSOLL-RAND ACQUIRES SPANISH BEARING COMPANY
 WOODCLIFF LAKE, N.J., March 4 /PRNewswire/ -- Ingersoll-Rand Company


(NYSE: IR) announced today that it has further increased its European presence through acquisition of majority interest in Industrias del Rodamiento, S.A. (IRSA), a Spanish bearing producer. IRSA will become part of The Torrington Company, Ingersoll-Rand's wholly owned bearings unit. Terms were not disclosed.
 IRSA, which has headquarters and manufacturing facilities in Bilbao, Spain, markets an extensive line of bearings, as well as wheel kits and automotive accessories, under the brand name IRB. IRSA also has a distribution warehouse in Logrono, Spain.
 "This acquisition will strengthen our participation in the Spanish market, which is one of the fastest growing in Europe," said James E. Perrella, executive vice president of Ingersoll-Rand. "IRB bearings complement Torrington's existing product lines, particularly for automotive applications."
 Ingersoll-Rand's Torrington subsidiary has three additional manufacturing plants in England and joint ventures in France and Italy. It maintains a European marketing and engineering center near Paris, with a European distribution facility in Wurselen, Germany. Torrington is America's largest broad-line bearing manufacturer and a leading producer of precision components and assemblies for automobiles.
 Ingersoll-Rand is a leading manufacturer of industrial machinery, construction equipment, pumps, tools, bearings and precision components, door hardware and security systems. Through joint ventures, it is a leading supplier of hydrocarbon processing equipment and services.
 -0- 3/4/92
 /CONTACT: Paul A. Dickard, 201-573-3120, or Richard D. Johnson of Ingersoll-Rand, 201-573-3087/
 (IR) CO: Ingersoll-Rand Company ST: New Jersey IN: SU: TNM


CK-SH -- NY023 -- 4861 03/04/92 10:08 EST
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Publication:PR Newswire
Date:Mar 4, 1992
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