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INGERSOLL-RAND COMPANY TO ACQUIRE GERMAN BEARING OPERATION

 WOODCLIFF LAKE, N.J., July 27 /PRNewswire/ -- Ingersoll-Rand Company (NYSE: IR) today announced an agreement to purchase the Kunsebeck, Germany, needle and cylindrical bearing business of FAG Kugelfischer Georg Schafer of Schweinfurt, Germany. Terms were not disclosed.
 Under the agreement, the FAG bearing factory in Kunsebeck will become part of the Torrington Company, Ingersoll-Rand's wholly owned bearings unit. A 45,000-square-meter factory includes manufacturing and engineering offices and warehousing functions. The plant employs approximately 1,200 people. FAG needle bearings, which are produced primarily to international metric standards, are marketed principally in Germany and Western Europe, with some product exported throughout the world.
 "This move greatly expands our participation in the European bearing market," said J. Frank Travis, Ingersoll-Rand vice president and president of the Torrington Company. "The FAG products complement our existing bearing lines, and add significantly to our metric production capability. This expanded product offering will enhance our capability as a supplier to European automakers and other European Community customers."
 The acquisition strengthens Ingersoll-Rand's position as one of the world's largest bearing producers. Also, the Kunsebeck operation will serve as a source for new manufacturing technology. Both the German factory and Torrington's other facilities are expected to benefit from the transfer of process technology among the plants.
 Ingersoll-Rand's Torrington subsidiary has other European manufacturing plants in England and Spain, as well as joint venture operations in France and Italy. It maintains a European marketing and engineering center near Paris, with a distribution facility in Wurselen, Germany.
 Ingersoll-Rand is a leading manufacturer of industrial machinery, construction equipment, pumps, tools, bearings and precision components and door hardware. Through joint ventures, it is a leading supplier of hydrocarbon processing equipment and services.
 -0- 7/27/93
 /CONTACT: Paul A. Dickard, 201-573-3120, or Dwight Keeney, 203-626-2622, both of Ingersoll-Rand Company/
 (IR)


CO: Ingersoll-Rand Company ST: New Jersey IN: MAC SU: TNM

PS-OS -- NY025 -- 6135 07/27/93 10:08 EDT
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Publication:PR Newswire
Date:Jul 27, 1993
Words:318
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