Article: Fruehauf Corp.'s aerospace operations to be acquired by Grabill Aerospace Industries Ltd.

FRUEHAUF CORPORATION'S AEROSPACE OPERATIONS TO BE ACQUIRED

BY GRABILL AEROSPACE INDUSTRIES, LTD.TO BE ACQUIRED

DETROIT, June 25 /PRNewswire/ -- Fruehauf Corporation (NYSE: FTR) and Grabill Aerospace Industries, Ltd. today announced that they have signed an agreement for Grabill to acquire Heintz Corporation, Utica Corporation, M.C. Aerospace Corporation, Compositek Holdings, Inc., and SPECO Corporation, which formerly comprised the aerospace operations of Fruehauf's wholly owned subsidary Kelsey-Hayes Company, for approximately $172 million.

William Stoecker, founder and chairman of the board of the Grabill organization, said the ...

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