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TECUMSEH PRODUCTS COMPANY AGREES TO PURCHASE MANUFACTURING EQUIPMENT FROM GE APPLIANCES' COLUMBIA, TENN., PLANT

 TECUMSEH, Mich., Nov. 4 /PRNewswire/ -- Tecumseh Products Company (NASDAQ: TECUA, TECUB) announced today that it has entered into definitive agreements to purchase the compressor manufacturing equipment at GE Appliances' Columbia, Tenn., plant. Tecumseh stated that all major conditions to the purchase (including regulatory requirements) have been satisfied and that it expects to take delivery of the equipment over the next six months. Equipment costs and estimated retooling expenses are expected to total approximately $80 million over a two-year period. Tecumseh expects to use the equipment in the production of rotary compressors for room air-conditioning applications. Evaluations of possible manufacturing sites are in progress.
 Tecumseh Products Company is a full-line independent global manufacturer of hermetic compressors for air-conditioning and refrigeration products, gasoline engines and power train products for lawn and garden applications, and pumps.
 -0- 11/4/93
 /CONTACT: Sherry Cogswell of Tecumseh Products, 517-423-8455/
 (TECU)


CO: Tecumseh Products Company; GE Appliances ST: Michigan, Tennessee IN: SU: TNM

ML-KR -- DE005 -- 0588 11/04/93 09:58 EST
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Publication:PR Newswire
Date:Nov 4, 1993
Words:166
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