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OWENS & MINOR ANNOUNCES AGREEMENT TO ACQUIRE OHIO-BASED DISTRIBUTOR

 RICHMOND, Va., May 27 /PRNewswire/ -- Owens & Minor, Inc. (NYSE: OMI) announced today that it has agreed to acquire Lyons Physician Supply Company. The acquisition, which is scheduled for closing on May 28, 1993, will be a stock for stock merger and will be accounted for as a pooling of interests.
 Based in Youngstown, Ohio, Lyons has annual sales of over $30 million. Approximately 85 percent of the sales are medical and surgical supplies to hospitals located in northern Ohio and western Pennsylvania.
 G. Gilmer Minor II, president and chief executive officer, stated: "The acquisition of Lyons gives us broader and stronger access to the Ohio Valley, the Great Lakes region and western Pennsylvania, Pittsburgh in particular, which are areas we targeted for expansions when we opened in Columbus, Ohio, last year. This transaction complements our recent announcement that we will open a distribution center in the Detroit area this June. The combination of our national presence and resources, and Lyons' excellent reputation for customer service, gives us a strong competitive position in a region that is noted for advanced hospital health care delivery systems. The management team at Lyons, Jeff Forman and Bob Stevens, will continue to guide the merged company from its new, modern facility in Youngstown."
 Owens & Minor, Inc., is a wholesale distributor of medical and surgical supplies, pharmaceuticals and other related products to hospitals and medical care facilities. The company presently has 29 distribution centers serving 40 states and the District of Columbia. It plans to open additional distribution centers in Birmingham, Ala., and Detroit on June 1, 1993, and Boston in the third quarter of this year.
 -0- 5/27/93
 /CONTACT: Glenn J. Dozier, senior vice president, finance & information systems, and chief financial officer, 804-965-2945; or Hugh F. Gouldthorpe Jr., vice president, corporate communications, 804-965-2922, both of Owens & Minor/
 (OMI)


CO: Owens & Minor, Inc.; Lyons Physician Supply Company. ST: Virginia, Ohio IN: MTC SU: TNM

DC-KD -- DC023 -- 3120 05/27/93 16:44 EDT
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Publication:PR Newswire
Date:May 27, 1993
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