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OAK INDUSTRIES ANNOUNCES AGREEMENT BETWEEN NORDCO INC. AND ROBEL GMBH; AGREEMENT ALLOWS OAK BUSINESS DIVISION TO EXPAND PRODUCT LINE

OAK INDUSTRIES ANNOUNCES AGREEMENT BETWEEN NORDCO INC. AND ROBEL GMBH;
 AGREEMENT ALLOWS OAK BUSINESS DIVISION TO EXPAND PRODUCT LINE
 WALTHAM, Mass., April 6 /PRNewswire/ -- Oak Industries (NYSE: OAK) today announced that its railway maintenance equipment division, Nordco Inc., has signed an agreement with Robel GmbH & Co. KG, a German manufacturer of track maintenance machinery. According to this agreement, Robel will license Nordco to manufacture, distribute and service its track maintenance equipment in North America. This equipment includes rail grinders, drills, saws and other small machines used to maintain railroad tracks.
 Donald A. Himes, president of Nordco Inc., stated, "This action is part of our strategy to broaden Nordco's product line and ensure that our railroad customers receive quality products and services to improve the productivity and efficiency of their track maintenance efforts."
 Robel GmbH & Co. KG is a leading manufacturer of high quality railroad track maintenance machinery in Europe.
 Oak Industries Inc. is a provider of components and controls for leading manufacturers in a range of industries including consumer appliances, electronics, test and measurement equipment, military, telecommunications, and transportation.
 Nordco Inc., headquartered in Milwaukee, Wis., and one of Oak's business divisions, is a leading supplier of railroad maintenance equipment and the oldest railway maintenance manufacturer in North America.
 -0- 4/6/92
 /CONTACT: William C. Weaver of Oak Industries, 617-890-0400; or Donald A. Himes, Nordco, 414-769-4602/
 (OAK) CO: Oak Industries Inc.; Nordco Inc. ST: Massachusetts, Wisconsin IN: TRN SU:


EG -- NE005 -- 5204 04/06/92 08:59 EDT
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Publication:PR Newswire
Date:Apr 6, 1992
Words:248
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