CIRCUIT SYSTEMS &lt;CSYI> BUYS BOARD MAKER

  Circuit Systems Inc said it has
  bought all of the stock of (Ionic Industries Inc) in exchange
  for 3,677,272 shares of its common.
      Following the exchange there will be 4,969,643 shares of
  Circuit Systems stock outstanding. Ionic holders will own about
  74 pct of the outstanding stock of Circuit Systems, it said.
      Ionic, a maker of circuit boards, had revenues of 8.4 mln
  dlrs and pretax profits of 232,000 dlrs in 1986, up from
  revenues of 5.9 mln and pretax profits of 204,000 dlrs in 1985,
  Circuit Systems said.
  

