Industrial Equity (Pacific) Ltd toldthe Securities and Exchange Commission it has acquired 72,600
shares of McGill Manufacturing Co Inc, or 5.1 pct of the total
outstanding common stock.
    Industrial Equity, which is principally owned by Brierley
Investments Ltd, a publicly held New Zealand firm, said it
bought the stake for 2.3 mln dlrs for investment purposes.
    It said it may add to its stake, or sell some or all of it,
but has no plans to seek control of the company.
 Reuter
