CALIFORNIA FIRM HAS FIVE PCT OF MODULAIRE <MODX>
PBS Building Systems of America Inc,
an Anaheim, Calif., company, told the Securities and Exchange
Commission it has acquired 150,000 shares of Modulaire
Industries, or 5.0 pct of the total outstanding common stock.
    PBS, whose subsidiaries design, make, sell and lease
nonresidential relocatable modular buildings, said it bought
the stake for 855,768.75 dlrs "to acquire an equity interest in
Modulaire, while it evaluates Modulaire."
    Depending on several factors, PBS said it may decide to buy
additional Modulaire common shares.
                                
 Reuter
