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MAXCO UNIT INTENDS TO FILE REGISTRATION STATEMENT

 LANSING, Mich., Nov. 11 /PRNewswire/ -- Maxco, Inc. (NASDAQ: MAXC) announced today that one of its subsidiaries, Finishmaster, Inc., presently intends to file a registration statement with the SEC for an initial public offering of common stock in approximately the first quarter of 1994. The offering will be made only by means of a prospectus.
 Finishmaster markets automotive paints and refinishing materials through its own distribution network, as well as to independent jobbers.
 Max A. Coon, chairman and president of Maxco, said, "The proceeds from the offering will be used by Finishmaster for expansion, debt repayment and working capital." The company said there can be no assurance that this or any public offering by Finishmaster will be successfully completed.
 -0- 11/11/93
 /CONTACT: Max Coon, president, or Vince Shunsky, VP-Finance, of Maxco, 517-321-3130; or Dixie Watterson of The Investor Relations Co., 708-564-5610, for Maxco/
 (MAXC)


CO: Maxco, Inc.; Finishmaster, Inc. ST: Michigan IN: AUT SU: OFR

JG -- DE037 -- 3342 11/11/93 15:34 EST
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Publication:PR Newswire
Date:Nov 11, 1993
Words:165
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