Low & Bonar PLC - Acquisition

RNS No 5111e
LOW & BONAR PLC
11th August, 1997


            LOW & BONAR ACQUIRES PERFORMANCE FLOORCOVERING BUSINESS

Low  &  Bonar PLC today announces that it has acquired the business  of  Nuway
Manufacturing  (Nuway) from BTR plc for a consideration of  #11.0  million  in
cash. In the year ended 31 December 1996 Nuway made an operating profit before
management charges of #1.3 million on sales of #8 million.

Nuway  based in Telford, England together with its two assembly operations  in
the U.S. and France, specialises in the design and manufacture of high traffic
entrance  matting  systems for airports, hospitals, hotels  and  supermarkets.
Low  &  Bonar currently supplies performance floorcoverings on a global  basis
for a number of end uses and manufactures textile entrance matting systems  in
its  Dutch  operation Royal Tufton.  This acquisition further enhances  Low  &
Bonar's  leading  position in this sector and provides substantial  commercial
synergies across the enlarged business.

At  31  December  1996,  Nuway had net assets amounting  to  #2  million.  The
business was purchased on a debt free basis.  The one time cost of integrating
the  Nuway business is anticipated to be in the region of #1 million and  this
will be charged in Low & Bonar's accounts for the year ended 30 November 1997.

Commenting on the acquisition, Jim Heilig, Low & Bonar's chief executive
said:-

"Of  the five acquisitions we have made in the last ten months, one was a high
quality  carton  company,  two  have been in our  Plastics  business,  one  in
Polypropylene  and now Nuway in the Floorcovering division.   This  underlines
our  commitment to the strategy of repositioning the Group with  an  increased
emphasis on our specialty business."

Further  information:  Jim Heilig     Low & Bonar PLC    01382 818 171
                       Norman McLeod  Low & Bonar PLC    01382 818 171


END