THE RANDERS GROUP INCORPORATED SIGNS AN AGREEMENT TO ACQUIRE THE BUSINESS AND NET ASSETS OF EPC INTERNATIONAL, INC.
MUSKEGON, Mich., Dec. 13 /PRNewswire/ -- The Randers Group Incorporated (AMEX ECM: RGI) announced today that it has entered into a final agreement to acquire the business and net assets of EPC International, Inc. (EPC). The acquisition will be effective as of the close of business on Dec. 31, 1993. EPC, a privately held, 40-person engineering/construction management firm located in Mount Prospect, Ill., reported revenues of $1,529,000 for the nine months ended Sept. 30, 1993, and $2,973,000 for the year ended Dec. 31, 1992. Operations and business activities at EPC will continue uninterrupted with existing management and staff. The operating name will be changed to Randers.EPC Incorporated to reflect the expanded base of skills and services that EPC will be able to provide clients by virtue of its combination with Randers. Upon joining the Randers Group of Companies, EPC will bring additional talent to the Randers Group of Companies and will provide a strong Chicago-based operation from which The Randers Group can market its design/build services. The Randers Group of Companies typically provides complete engineering, architectural and construction on a single-source, prime-responsibility basis. Randers.EPC will be the sixth Randers Group office throughout the Midwest and will offer all of Randers' services. -0- 12/13/93 /CONTACT: LaWanda Furlough of The Randers Group, 616-733-0036/ (RGI)
CO: The Randers Group Incorporated; EPC International, Inc. ST: Michigan, Illinois IN: CST SU: TNM
SB -- DE004 -- 3041 12/13/93 09:18 EST
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|Date:||Dec 13, 1993|
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