ACME STEEL <ACME> TO ACQUIRE UNIVERSAL TOOL
Acme Steel Co said it has agreed
in principle to acquire <Universal Tool and Stamping Inc> for
an undisclosed price.
    The agreement is subject to approval by Acme's board and
execution of a definitive purchase agreement, the companies
said.
    Universal Tool makes and distributes automotive jacks and
related equipment for the domestic auto industry.
 Reuter
