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Gold/Mining/Energy : UDI-United Dominion Industries

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To: Steve Sucheck who wrote ()	10/1/1997 5:56:00 PM
From: John Sladek	of 42

October 1, 1997: Acquires Cooling Tower Company In Spain United Dominion Industries Ltd. announced the acquisition of Torraval S.A., a manufacturer of cooling towers for HVAC and industrial markets located in Bilbao, Spain. Terms of the transaction were not disclosed. Torraval was purchased from Alfa-Laval Holding A.B. of Sweden and has annual sales of $4.8 million. It represents a product line addition for United Dominion's Marley Cooling Tower business unit, a world leader in cooling tower design. Torraval produces fiberglass-packaged units and is the largest package cooling tower manufacturer in Spain. "This acquisition complements the Marley Cooling Tower product line and strengthens its position in Europe where we recently have purchased similar businesses for Marley in England and Italy," William R. Holland, chairman and chief executive officer. "The transaction also is part of United Dominion's top line growth and international expansion strategies." United Dominion manufactures proprietary engineered products for customers worldwide. The company employs 10,500 people at 68 plants in 16 countries. TEL: (704) 347-6838 Nancy Spurlock (media) United Dominion Industries Ltd. TEL: (704) 347-6529 Michael Morgan (Analysts) United Dominion Industries Ltd.

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