CRONUS INDUSTRIES INC <CRNS> SELLS UNIT
Cronus Industries Inc said it agreed to
sell its heat transfer equipment business, Southwestern
Engineering Co, for a slight premium over book value, plus a
release of Cronus from liability on approximately three mln
dlrs of subsidiary indebtedness.
    The company said the sale to a subsidiary of Senior
Engineering Group PLC, a British company, will take place this
month.
 Reuter
