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McCLAIN INDUSTRIES, INC. ANNOUNCES ACQUISITION

 McCLAIN INDUSTRIES, INC. ANNOUNCES ACQUISITION
 STERLING HEIGHTS, Mich., July 28 /PRNewswire/ -- McClain Industries,


Inc. (NASDAQ-NMS: MCCL) today announced that a subsidiary of McClain has purchased the business and operating assets of the Peabody Galion Division of Peabody International Corporation, including its Galion, Ohio, and Winesburg, Ohio, operations.
 The Peabody Galion Division manufactures front, rear and side loading truck bodies as well as a recycling truck for the solid waste disposal industry. It also manufactures a line of dump bodies for the construction industry. The Peabody Galion Division had net sales for the fiscal year ended Sept. 30, 1991, of approximately $31 million. McClain had net sales for the same fiscal year of approximately $27.6 million.
 "We are very excited about this acquisition. It significantly expands our product line and enables us to become more competitive and better serve the industry," said Kenneth D. McClain, president of McClain Industries, Inc.
 McClain Industries, Inc. is among the nation's leading manufacturers of solid waste handling equipment for the waste disposal industry.
 -0- 7/28/92
 /CONTACT: Kenneth D. McClain of McClain Industries, 313-264-3611/
 (MCCL) CO: McClain Industries, Inc.; Peabody Galion Division;
 Peabody International Corporation ST: Michigan, Ohio IN: SU: TNM


ML -- DE013 -- 4111 07/28/92 12:47 EDT
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No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

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Publication:PR Newswire
Date:Jul 28, 1992
Words:207
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