Transactions

the assets of Hynautic a division of Webster Electric Co., Inc. a subsidiary of Sta-Rite Industries, Inc. a WICOR, Inc. Company have been acquired by Imo Industries, Inc. MERTZ ASSOCIATES acted as advisor to Sta-Rite Industries, Inc. in designing a marketing program, preparing offering documents, contacting potential purchasers, evaluation proposals and participating in negotiations.

• HYNAUTIC, Sarasota, Florida, designs, markets and manufactures hydraulic steering and engine control systems for the marine industry.
   
• STA-RITE INDUSTRIES, INC. Milwaukee, Wisconsin, is a leading manufacturer of pumps and water processing equipment throughout the world.
   
• WICOR, INC., NYSE, is the parent company of three wholly owned subsidiaries: WISCONSIN GAS COMPANY, STA-RITE INDUSTRIES, INC. and WEXCO OF DELAWARE, INC.
   
• IMO INDUSTRIES INC., Lawrenceville, New Jersey and England, is a leader in selected markets for analytical and optical instruments, electronic and mechanical controls, engineered power products and related support services. Imo is an international company with approximately $1 billion in revenues. The Morse Controls division serves the marine industry and manufactures cable steering and engine control systems.