BUSINESS MEMO: DANA COMPLETES PURCHASE

Dana Corp. has completed the purchase of the Glacier Vandervell Bearings Group and the AE Clevite North American non-bearing after market engine hard parts business from Federal-Mogul Corp., for $430 million.

Sales next year for the businesses are expected to be about $480 million.

Dana is one of the world's largest independent suppliers to vehicular, off-highway and industrial manufacturers and their related after markets. The company operates 270 major facilities in 33 countries and employs more than 79,000 people.

The local Dana company is the Spicer Axle Division at 2075 Corporate Circle, which employs aboaut 400 people.