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Astrum To Acquire American Tourister

August 3, 1993

Undated (AP) _ Astrum International Corp., makers of Samsonite luggage, said Tuesday it has agreed to purchase the American Tourister luggage business of Hillenbrand Industries Inc. for about $70 million in cash.

The transaction, expected to close in September, is currently under review by appropriate regulatory agencies, New York-based Astrum said.

American Tourister will be operated as a separate company within Astrum, which also makes Culligan water treatment equipment; Botany 500 men’s clothing; Anvil T-Shirts; and Pet Specialties pet food.

American Tourister’s products are sold by mass merchandisers and about 90 company-owned retail outlets.

Hillenbrand Industries is headquartered in Batesville, Ind.

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