ZURN INDUSTRIES INC
8-K, 1996-06-28
COGENERATION SERVICES & SMALL POWER PRODUCERS
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                                   FORM 8-K
                                CURRENT REPORT

                      SECURITIES AND EXCHANGE COMMISSION
                             Washington, DC 20549

    Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

                                June 28, 1996  




                             ZURN INDUSTRIES, INC.


                                                                 IRS Employer
    State of                      Commission                    Identification
  Incorporation                   File Number                       Number    
  Pennsylvania                      1-5502                       25-1040754


                                  Address and
                               Telephone Number
                                One Zurn Place
                           Erie, Pennsylvania  16505
                                 814-452-2111



 

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ITEM 5 - OTHER EVENTS

The Company's news release dated June 28, 1996 announcing it has agreed to
sell its Lynx Golf business is incorporated herein by reference.


                                  SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, as
amended, the Registrant has duly caused this report to be signed on its behalf
by the undersigned hereunto duly authorized.

                                                ZURN INDUSTRIES, INC.



June 28, 1996                                   /s/ John E. Rutzler III
                                                John E. Rutzler III
                                                Vice President-Controller


                                 EXHIBIT INDEX

20  Other Documents or Statements to Security Holders
    News Release dated June 28, 1996
























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                                  EXHIBIT 20




                                     FOR IMMEDIATE RELEASE
                                     June 28, 1996


ZURN ANNOUNCES AGREEMENT TO SELL LYNX GOLF


Erie, PA...Zurn Industries, Inc. (NYSE: ZRN) announced today that it has
agreed to sell its Lynx Golf business to a group of private investors
including Fred Couples.  Headquartered in the Los Angeles area, Lynx Golf
manufactures and markets Black Cat irons and metal woods.  Terms of the sale
agreement were not disclosed.

Announcing the agreement, Zurn Chairman Robert R. Womack said, "We are pleased
to have arrived at this agreement pursuant to the April 23 announcement of our
plan to sell Zurn's Lynx Golf and Mechanical Power Transmission businesses and
to focus our resources and management attention on enhancing the value of
Zurn's core businesses.  Our emphasis will be on growing and developing our
Plumbing Products business."

Zurn Industries, Inc. is an industry leader in manufacturing and marketing
plumbing products, in supplying equipment and engineering services for small
to mid-size power generation plants and in providing construction services.

                                    * * * * * * 

Contact: Steve Adams
ZURN INDUSTRIES, INC.
Erie, PA 814/452-2111













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