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TYCO TO ACQUIRE U.K. VALVE MANUFACTURER

 EXETER, N.H., April 23 /PRNewswire/ -- Tyco Laboratories, Inc. (NYSE: TYC) announced today that, through one of its Grinnell subsidiaries, it has entered into an agreement to acquire the Industrial
Valves Division of Suter p.l.c. for $52.0 million. The Industrial


Valves Division, consisting of Hindle Cockburns Limited, Charles Winn (Valves) Limited and Spensall Engineering Limited, is one of the leading U.K. manufacturers of specialty high performance ball and butterfly valves principally for the chemical, oil and gas and processing industries. Manufacturing facilities are located in Leeds and Birmingham in the U.K. Sales for the year ended Dec. 31, 1992 were $35 million.
 Valves produced by these companies have primarily been distributed in the U.K. They will be marketed in other parts of Europe and throughout North America and Asia primarily through the company's Grinnell Flow Control Division.
 The transaction is subject to approval by Suter shareholders, with a special meeting scheduled for April 30, 1993 and the closing to occur on that day.
 Tyco is a worldwide manufacturer of fire protection systems, flow control products, electrical and electronic components and packaging materials.
 -0- 4/23/93
 /CONTACT: Irving Gutin, senior vice president of Tyco Labs, 603-778-9700/
 (TYC)


CO: Tyco Laboratories, Inc.; Suter p.l.c. ST: New Hampshire IN: SU: TNM

CH -- NE007 -- 0151 04/23/93 14:24 EDT
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Publication:PR Newswire
Date:Apr 23, 1993
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