SIGNAL APPAREL TO BUY AMW

NEW YORK--Activewear and knitwear maker Signal Apparel Co. will acquire screenprinter American Marketing Works in a stock swap.
AMW will get 1.35 million shares of Signal common stock, or 13 percent of the combined companies. AMW's chairman Marvin Winkler will become chairman of Signal, succeeding Marvin A. Davis, who will resign. Davis, an executive with experience in turning around troubled companies, joined Signal in July 1993 as chairman and ceo. Lee A. Katz is president and ceo of Signal. Katz & Davis are partners in the consulting firm of Grisanti, Galef & Goldress.
In a telephone interview from AMW's Gardena, Calif., headquarters, Winkler said the companies will offer vertically integrated manufacturing, withoutoverlap of abilities. He said AMW does a lot of business with J.C. Penney, Sears and Footlocker, while Signal does business with Kmart, Wal-Mart and Mervyn's.

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