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CROWN CRAFTS FILES OFFERING OF 1,700,000 COMMON SHARES WITH SEC

 CROWN CRAFTS FILES OFFERING OF 1,700,000 COMMON SHARES WITH SEC
 CALHOUN, Ga., Feb. 13 /PRNewswire/ -- Crown Crafts, Inc. (AMEX: CRW) announced today that it filed a registration statement with the Securities and Exchange Commission covering a proposed public offering of 1,700,000 common shares. Of the total, 1,214,000 shares are being offered by the company and 486,000 by selling shareholders.
 William Blair & Company and Wheat First Butcher & Singer/Capital Markets will manage the offering. On Feb. 12, 1992, the closing price of the company's common stock was $18.
 Net proceeds will be used primarily to expand and consolidate the company's manufacturing capacity for comforters and accessories by funding the construction of a 328,000 square foot manufacturing and automated warehouse and distribution facility in Roxboro, N.C., as well as for general corporate purposes.
 Headquartered in Calhoun, Ga., Crown Crafts, Inc. designs, manufactures and markets bedcovering products and related home fashion accessories. The company's two principal product categories are comforters and coordinated accessories, and jacquard-woven cotton products.
 -0- 2/13/92
 /CONTACT: Paul Criscillis, CFO of Crown Crafts, 404-629-7941, or Mark Brady of William Blair & Company, 312-236-1600/
 (CRW) CO: Crown Crafts Inc. ST: Georgia IN: HOU SU: OFR


SM-KW -- NY052 -- 9711 02/13/92 11:41 EST
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Publication:PR Newswire
Date:Feb 13, 1992
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