ARMTEK <ARM> UNIT LEVERAGED BUYOUT COMPLETED
Condere Corp, formed by former
managers of Armtek Corp, said it completed the acquisition of a
tire plant and other assets of Armtek for undisclosed terms.
    In addition to a tire manufacturing plant, Condere bought
S. and A. Truck Tire Sales and Service Corp, which operates 51
Sears Truck Tire Sales and Service Centers through a licensed
agreement with Sears Roebuck and Co <S>.
    The plant will supply tires to Armtek's Armstrong Tire Co
as well as to several Sears Centers. Condere said it expects
first year revenues to be 90 mln dlrs.
 Reuter
