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ZURN ACQUIRES ASSETS OF JONESPEC PLUMBING PRODUCTS

 ERIE, Pa., Jan. 4 /PRNewswire/ -- Zurn Industries, Inc. (NYSE: ZRN), a leading designer, constructor and manufacturer of systems and equipment for power generation and water control and Lynx golf equipment, announced today that the company has acquired assets of the Jonespec Division of Jones Plumbing Systems, Inc. (AMEX: JPS) of Birmingham, Ala. Assets acquired include accounts receivable, inventories and certain other tangible and intangible assets related to the Jonespec line of cast iron and steel fabricated parts used in commercial plumbing and drainage applications. The acquisition provides Zurn with additional tooling and product variations. Zurn manufactures and distributes a line of more than 3500 cataloged plumbing products used in non-residential construction.
 -0- 1/4/94
 /CONTACT: Steve Adams of Zurn Industries, Inc., 814-452-2111/
 (ZRN JPS)


CO: Zurn Industries, Inc.; Jones Plumbing Systems, Inc. ST: Pennsylvania IN: CST SU: TNM

TM -- NY056 -- 9064 01/04/94 17:31 EST
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Publication:PR Newswire
Date:Jan 4, 1994
Words:148
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