ARMTEK <ARM> TO SELL INDUSTRIAL TIRE UNIT
Armtek Corp, previously the
Armstrong Rubber Co, said it agreed to sell its industrial tire
and assembly division to a Dyneer Corp <DYR> for an undisclosed
sum.
    It said the agreement covers the division's tire production
facility in Clinton, Tenn., and its plants serving original
equipment and replacement markets. Armstrong Tire Co, an Armtek
unit, will continue to sell replacement industrial tires, the
company said.
    Final closing is expected in the third fiscal quarter
ending June 30.

 Reuter
