CIRCUIT SYSTEMS <CSYI> BUYS BOARD MAKER
Circuit Systems Inc said it has
bought all of the stock of (Ionic Industries Inc) in exchange
for 3,677,272 shares of its common.
    Following the exchange there will be 4,969,643 shares of
Circuit Systems stock outstanding. Ionic holders will own about
74 pct of the outstanding stock of Circuit Systems, it said.
    Ionic, a maker of circuit boards, had revenues of 8.4 mln
dlrs and pretax profits of 232,000 dlrs in 1986, up from
revenues of 5.9 mln and pretax profits of 204,000 dlrs in 1985,
Circuit Systems said.
 Reuter
