SECURITIES AND EXCHANGE COMMISSION
                              Washington, DC 20549


                                    FORM 8-K
                                 CURRENT REPORT


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


                               CORE INDUSTRIES INC
             ------------------------------------------------------
             (Exact name of registrant as specified in its charter)


                          Commission file number 1-5024
                          -----------------------------


          Nevada                                          38-1052434
- ----------------------------                ------------------------------------
(State or other jurisdiction                (I.R.S. Employer Identification No.)
     of incorporation)

P. O. Box 2000, Bloomfield Hills, Michigan                  48304
- ------------------------------------------                ----------
 (Address of principal executive offices)                 (Zip Code)

Registrant's telephone number, including area code:      (248) 642-3400
                                                         --------------



ITEM 2.           ACQUISITION OR DISPOSITION OF ASSETS

     On  May  7,  1997,   Core  Industries  Inc  (the   "Registrant")   acquired
substantially  all of the assets of Air Gage Company,  a privately held producer
of gaging products and systems for cash of approximately  $18 million.  Air Gage
has annual sales in excess of $30 million.

     A copy of the press  release  dated May 8,  1997  issued by the  Registrant
related to the  acquisition  of Air Gage is attached as Exhibit 99 hereto and is
incorporated by reference.



                                   SIGNATURES

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

Date:   May 16, 1997                      CORE INDUSTRIES INC
      ----------------
                                          By: /s/ MARK J. MACGUIDWIN
                                              ----------------------
                                              Mark J. MacGuidwin
                                              V.P.-Finance and CFO



                                INDEX TO EXHIBITS

Exhibit Number         Description

     99                Press release of the Registrant issued May 8, 1997.

     27                Financial Data Schedule