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                                                                    EXHIBIT 99.5
CORE INDUSTRIES INC
500 North Woodward
P. O. Box 2000
Bloomfield Hills, MI 48303-2000
Telephone:     (248) 642-3400
FAX:           (248) 642-6816
[CORE INDUSTRIES LOGO]                              NEWS RELEASE
                                                
FOR IMMEDIATE RELEASE                          Contact:    Mark J. MacGuidwin
June 26, 1997                                Telephone:    (248) 901-1575
                                                E-mail:    macguid@core-ind.com

 
                         CORE INDUSTRIES TO BE ACQUIRED
                         BY UNITED DOMINION INDUSTRIES
                   ------------------------------------------
 
Core Industries Inc (CRI: NYSE) announced today that it has entered into a
definitive agreement pursuant to which all of the outstanding common stock of
Core will be acquired by United Dominion Industries Ltd. (UDI: NYSE, TSE). Under
the agreement, which has been unanimously approved by Core's board of directors,
United Dominion will commence a tender offer for all outstanding common stock of
Core for $25 per share in cash. The tender offer will be followed by a merger in
which any shares not acquired by United Dominion in the tender offer will be
acquired for the same amount of cash.
The tender offer will commence no later than Wednesday, July 2 and will be
conditioned on a majority of the outstanding shares of Core being tendered as
well as other customary conditions.
Goldman, Sachs & Co. has acted as financial advisor to Core in connection with
the transaction.
United Dominion Industries Ltd. is a diversified manufacturer of industrial and
commercial products.
Core Industries Inc manufactures specialty products in three segments: Fluid
Controls and Construction Products; Test, Measurement and Control; and Farm
Equipment.
               Core's Internet address is HTTP://WWW.CORE-IND.COM