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Dyson(J.& J.) PLC (DYS)

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Friday 12 May, 2000

Dyson(J.& J.) PLC

Acquisition

Dyson(J.& J.) PLC
12 May 2000

                                       
               ACQUISITION OF THERMAL ENGINEERING BUSINESS FROM
                      FLARE GROUP PLC (in administration)

J  &  J Dyson plc ('Dyson'), the performance materials and thermal engineering
group, announces that it has reached agreement with the Administrator of Flare
Group  plc  to  acquire  the kiln furniture business  of  Hewitt  Refractories
Limited ('Hewitts')  for a total consideration of £1.425 million,  payable  in
cash on completion.  Completion will take place today, 12 May 2000.

The  estimated  book  value  of the assets being  acquired  is  £2.4  million.
Hewitts' turnover in the year ended 31 December 1999 was £2.87 million. Losses
before interest and tax were approximately £6,000.  The acquired business will
be  integrated  with  Dyson's  Thermal  Engineering  division  to  achieve   a
substantial reduction in overheads.

Hewitts  manufactures consumable, hot application components  for  the  global
ceramics  industry  and it  has a  strong  market position in the USA  and Far
East.   Such  components  are subject  to  extreme thermal shock and there  is
constant technical development ongoing in  the industry  to  manufacture  from
more  advanced  materials, thus enhancing the performance of the products.  In
this regard, the technologies developed by Hewitts are highly compatible  with
the  recent  thermal  engineering  advances made  by  Dyson's  kiln  furniture
operation,  Diamond Gimson.  

Mike  O'Brien, Chief Executive of Dyson, said:  'This is another example of  a
small  but  highly significant acquisition, which allows us to  build  on  our
success  in the development of specialist thermal technologies across  a  wide
variety of industries throughout the world.'


For further information, please contact:

J & J Dyson plc                                     Switchboard: 0114 230 3921
Mike O'Brien, Group Chief Executive                 Direct dial: 0114 263 2805
                                                         Mobile: 0802 405 772
Nick Parker, Group Finance Director                 Direct dial: 0114 263 2841
                                                         Mobile: 0777 363 6642
                                                                            
Rawlings Financial PR Limited                       Switchboard: 01756 770 376
Catriona Valentine                                       Mobile: 07715 769 078
                      

         

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