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InAmerica Completes Acquisition of Ferguson Industries
Dallas, TX, - InAmerica Corporation (NASDAQ BB:INAO),announced today that it has closed on the agreement with Ferguson Industries, Inc. to acquire Ferguson’s business and assets, a leading supplier of ammonia storage and handling systems used by power, industrial, chemical, energy and agricultural companies. The business will be placed in a new wholly-owned subsidiary, Ferguson International, Inc.
InAmerica is a diversified holding company that specializes in developing leading edge innovative technologies and the acquisition, reorganization and turnaround of distressed businesses that retain dramatic potential once a recovery is completed. The company typically seeks to divest itself of the revived businesses through spin-off or outright sale to a company with a strategic need and fit.
Reference "InAmerica To Acquire Ferguson Industries" (Dallas, TX September 12, 1996)
Press Contacts:
Matthew R. Gould,
President & COO
InAmerica Corporation
(972) 239-9282
Sam Ferguson, Jr.,
Mgr of Operations
Ferguson Industries, Inc.
(972) 239-9282
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