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PITTWAY AGREES TO SELL BARR COMPANY DIVISION

 PITTWAY AGREES TO SELL BARR COMPANY DIVISION
 CHICAGO, Sept. 22 /PRNewswire/ -- Pittway Corp. (AMEX: PRY)


announced today that it has entered into an agreement to sell its Barr Company contract packaging business to a wholly owned subsidiary of CCL Industries, Inc. of Toronto. The transaction is scheduled to close early in the fourth quarter.
 In making the announcement, King Harris, president of Pittway, stated, "Barr Company is a leading contract packager for major personal care and household product marketers with proven capabilities in both aerosol and liquid filling areas. This sale of the Barr Company along with the previously announced spin off of the Seaquist packaging group to combine it with the Pfieffer Group in Germany, and the recent sale of the First Alert/BRK businesses will position Pittway to focus our resources on building our professional burglar alarm and fire alarm system businesses and our publishing businesses."
 Pittway is a manufacturer and distributor of professional burglar and fire alarm equipment; a publisher of trade magazines and directories; a real estate developer; and a participant in joint venture real estate developments.
 -0- 9/22/92
 /CONTACT: Paul Gauvreau of Pittway, 312-831-1070/
 (PRY) CO: Pittway Corp.; Barr Company ST: Illinois IN: SU: TNM


CK -- NY043 -- 2122 09/22/92 11:09 EDT
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Publication:PR Newswire
Date:Sep 22, 1992
Words:211
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