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TAT TECHNOLOGIES LTD. ANNOUNCES ACQUISITION

 TEL AVIV, Israel, Jan. 7 /PRNewswire/ -- TAT Technologies Ltd. (formerly Galagraph Limited) (NASDAQ: TATUF; shares: TATTF; warrants: TATWF) today announced that it closed the previously announced transaction to purchase all of the business, properties, rights and assets to Limco Manufacturing Corporation (LIMCO), a private company located in Glen Clove, Long Island, which is engaged in the development and manufacturing of components and systems for the Aerospace and commercial markets. For the fiscal year ended Dec. 31, 1991, LIMCO had sales of approximately $9,000,000 and pre-tax profits of approximately $850,000. The total consideration for the acquisition was $4,143,440.00 in the form of cash, promissory notes and a long-term non-compete agreement.
 In July 1992, TAT Technologies Ltd. also acquired Airepair International Inc. of Tulsa, Okla. which is primarily engaged in the repair and overhaul of heat exchangers for the commercial Airline Industry. This new acquisition will increase the product mixture of the TAT group.
 TAT Technologies Ltd. operates principally in two industries: Heat Exchangers and Computer Systems. The Heat Exchanger Division specializes in the manufacturing of high technology, compact Heat Exchangers, primarily for use in aircrafts and airborne systems. The Computer Systems Division specializes in Graphics and Video Systems, display simulation and transportation systems.
 -0- 1/7/93
 /CONTACT: Shlomo Ostersetzer, chairman of TAT Technologies Ltd., in Tel Aviv, 972-3-455-563/
 (TATUF)


CO: TAT Technologies Ltd. ST: IN: SU: TNM

LR-WB -- NY069 -- 2703 01/07/93 13:23 EST
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Date:Jan 7, 1993
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