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MASCO INDUSTRIES, INC. PROPOSES NAME CHANGE TO MASCOTECH, INC. AND COMPLETES AFFILIATE RESTRUCTURING TRANSACTIONS

 TAYLOR, Mich., April 20 /PRNewswire/ -- Masco Industries, Inc. (NASDAQ-NMS: MASX) announced today a proposed change of its corporate name to "MascoTech, Inc.". The company believes ?the new name will help to strengthen the separate identity of the company from its affiliate, Masco Corporation (NYSE: MAS), and will better reflect the significance of technology in the design, engineering and manufacturing of many of the company's products.
 The company included the name-change proposal in its Preliminary Proxy Statement filed with the Securities and Exchange Commission for the company's annual meeting next month. The name change would become effective following approval by the stockholders.
 The company also stated that its previously announced partial affiliate restructuring with Masco Corporation was completed March 31, 1993. The restructuring involved, in part, the company's acquisition from Masco Corporation of its investment in Emco Limited and 10 million shares of the company's common stock which reduced Masco Corporation's common equity ownership of the company from 46 percent to approximately 35 percent.
 Masco Industries manufactures transportation-related and other commercial and specialty industrial products.
 -0- 4/20/93
 /CONTACT: Kenneth J. Zak, manager - Investor Relations, Masco Industries, Inc., 313-274-7400, Ext. 6386/
 (MASX MAS)


CO: Masco Industries, Inc.; Masco Corporation ST: Michigan IN: SU:

DH -- DE005 -- 7854 04/20/93 09:30 EDT
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Publication:PR Newswire
Date:Apr 20, 1993
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