ATLANTA, Feb. 26 /PRNewswire/ -- Fuqua Enterprises, Inc. (NYSE: FQE) today
announced that it had completed the acquisition of Prism Enterprises, Inc.
Prism, which has annual sales of approximately $13 million, manufactures
therapeutic heat and cold packs for the medical and consumer markets and
vacuum pumps for obstetrical and other applications. The purchase price was
$19.5 million in cash.
Fuqua's medical products group manufactures a variety of products,
including beds, patient aids and mobility products, for the home health care,
extended care and acute care markets. Fuqua entered the health care market
with the acquisition of Atlanta based Basic American Medical Products, Inc. in
1995 and expanded its health care sales with the acquisition of the medical
products division of Lumex, Inc. in April 1996. Fuqua also produces a broad
line of leathers that are sold to manufacturers of shoes, handbags, personal
leather goods and furniture in both the U.S. and foreign markets.
SOURCE Fuqua Enterprises, Inc.
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CONTACT:
L.P. Klamon, Fuqua Enterprises, 404-815-2000
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