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Lucas buys American Parts Mfgr

To: british-cars@autox.team.net
Subject: Lucas buys American Parts Mfgr
From: Pschauss@aol.com
Date: Mon, 21 Nov 1994 16:27:51 -0500
Saw this in the Wall Street Journal several weeks back:

"Lucas Outbids Valeo for Lake Center Industries

    Outbidding Valeo S.A., the French car parts maker, Lucas
Industries PLC of Britain will pay $87 million to acquire Lake Center
Industries, a unit of Guy F. Atkinson Company.  Valeo announced
the accord on Monday to pay $80 million in cash for the company
but canceled the acquisition beacuse of problems over the price and other cond
itions Atkinson wanted to change.  Lake Center 
Industries, which supplies electro-mechanical products to vehicle
makers in North America, has six factories in Minnesota and 
Wisconsin and employs 1,380 workers"

Peter Schauss
pschauss@aol.com
1980 MGB 
1963 Austin-Healey Mk II 


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