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METALLURGICAL INDUSTRIES SELLS SUBSIDIARY

 TINTON FALLS, N.J., June 29 /PRNewswire/ -- Metallurgical Industries, Inc. (NASDAQ: MTALA) today announced that it had sold the operations and most of the assets of its Advanced Welding and Coating Services (AWACS) subsidiary to its former joint venture partner, Sermatech International, Inc., for an undisclosed sum. Sermatech International is a subsidiary of Teleflex Inc. of Plymouth, Pa.
 Included in the transaction were the patents covering the company's Metbond process used for the low heat welding of jet engine components, with Metallurgical retaining the rights to the process for potential nonturbine applications.
 -0- 6/29/93
 /CONTACT: Ira L. Friedman, president of Metallurgical Industries, 908-542-5800/
 (MTALA)


CO: Metallurgical Industries, Inc.; Sermatech International, Inc. ST: New Jersey IN: MNG SU:

TS-WB -- NY069 -- 6812 06/29/93 15:14 EDT
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Publication:PR Newswire
Date:Jun 29, 1993
Words:128
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