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PRINCIPAL SHAREHOLDER OF UNR INDUSTRIES, INC. PROPOSES COMPANY RETAIN FINANCIAL ADVISER

 CHIGAGO, June 14 /PRNewswire/ -- UNR Industries, Inc. (NASDAQ-NMS: UNRI; Midwest) announced today that it has received a letter from its largest shareholder, the UNR Asbestos-Disease Claims Trust, proposing that the company consider retaining a financial adviser to solicit third-party proposals for an acquisition of UNR through a merger or other business combination in which UNR shareholders would receive cash for their shares. A special meeting of the UNR Board of Directors will be scheduled promptly to consider the Trust's proposal.
 The UNR Asbestos-Disease Claims Trust was formed in 1989 pursuant to a Plan of Reorganization approved by the Bankruptcy Court. Under the Plan, the Trust received 29,437,004 shares, or approximately 62 percent of the currently outstanding common stock of the company.
 UNR Industries, Inc. is a diversified company producing welded steel tubing, shopping carts, stainless steel sinks, towers and shelters for communication and other uses and material handling products and systems.
 -0- 6/14/93
 /CONTACT: Thomas A. Gildehaus, President and CEO, UNR Industries, 312-341-1234/
 (UNRI)


CO: UNR Industries, Inc. ST: Illinois IN: SU:

SB -- DE011 -- 1489 06/14/93 09:53 EST
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Publication:PR Newswire
Date:Jun 14, 1993
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