December 17, 1992 |
A Newton, Mass., company said Wednesday that it has bought Fuels Analysis Corp., which makes equipment for testing the composition of gasoline. Boston Advanced Technologies Inc. said it paid about $1 million in cash and stock for Fuels Analysis. Boston Advanced makes equipment for testing fuels too, but sells mostly to service stations. Fuels Analysis, based in Santa Ana, sells mostly to refineries, so the purchase opens new markets for Boston Advanced.