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INDUSTRY NOTES

Missouri Holding Company Acquires Meade Instruments

January 09, 1987

A Missouri holding company said it has acquired Meade Instruments Corp., a Costa Mesa maker of telescopes, binoculars and other optical instruments.

Officials of Harbour Group Ltd., a privately held St. Louis company, would not disclose the terms of the acquisition, but a spokesman said Harbour "plans to pump cash" into Meade Instruments.

The Costa Mesa company employs about 100 people and reported 1986 sales of approximately $13 million.

The 10-year-old Harbour Group, with yearly sales of $200 million, has purchased six businesses within the last year, concentrating on the acquisition of "established manufacturing companies in mature industries," a statement released by the company said.

Among Harbour Group's other holdings are an aluminum alloy business, a medical products company and a cutting tools and metal products firm.

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