Printer Friendly

UNITED CAPITAL ACQUIRES OPERATING ASSETS OF ISOREG

 UNITED CAPITAL ACQUIRES OPERATING ASSETS OF ISOREG
 NEW YORK, Oct. 26 /PRNewswire/ -- United Capital Corp. (AMEX: ICU)


today announced that through a subsidiary of its Metex operations, AFP Transformers, Inc. purchased the operating assets of ISOREG Corporation of Littleton, Mass., in a foreclosure sale from Shawmut Bank N.A. ISOREG is a world leader in EPOXYCAST coil transformers in the medium capacity range. During the last fiscal year ISOREG generated in excess of $3.5 million in operating revenues.
 ISOREG complements the Field transformer and Spectrum operating units to provide one of the broadest product lines of dry-type medium capacity transformers available.
 The company plans to relocate the ISOREG operations to its 60,000- square-foot facility in Edison, N.J.
 United Capital Corp. owns and manages real estate and through its subsidiary, Metex Corporation, provides engineered products to aviation, industrial and automotive markets worldwide.
 -0- 10/26/92
 /CONTACT: Dennis S. Rosatelli, chief financial officer of United


Capital, 516-466-6464/
 (ICU) CO: United Capital Corp. ST: New York IN: SU: TNM


CK-PS -- NY039 -- 4679 10/26/92 10:38 EST
COPYRIGHT 1992 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Oct 26, 1992
Words:179
Previous Article:NATIONAL LAUNDRY CHAIN HOSTS 'CLEAN' ELECTION
Next Article:KENNAMETAL DECLARES QUARTERLY DIVIDEND
Topics:


Related Articles
UNITED CAPITAL REPORTS 1992 RESULTS
UNITED CAPITAL CORP. REPORTS PURCHASE OF SELECTED ASSETS OF INTERNATIONAL TRANSFORMER CORPORATION
UNITED CAPITAL CORP. REPORTS FIRST QUARTER RESULTS
GATX Capital Corporation and Lombard North Central Plc Form Gl Railease Limited
Starwood-Ceruzzi formed to acquire retail real estate.
GE Capital Reaches Agreement to Acquire Leasing Businesses from Japan Leasing Corporation.
United National Reports 12% Increase in First Quarter Operating Earnings.
Principal Capital and FirstWorthing Announce New Investment Partnership.
Tenaska Power Fund Closes With $838 Million.
United Capital and CEO Joe Duran are the Cover Story in February Issue of Financial Advisor Magazine.

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters