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SECOM GENERAL CORPORATION ANNOUNCES INTEREST IN ACQUIRING PARK-OHIO INDUSTRIES

 SECOM GENERAL CORPORATION ANNOUNCES INTEREST
 IN ACQUIRING PARK-OHIO INDUSTRIES
 NOVI, Mich., Feb. 13 /PRNewswire/ -- Secom General Corporation (NASDAQ: SECM) announced today that it is interested in the possible acquisition of Park-Ohio Industries (NASDAQ-NMS: PKOH) of Cleveland.
 Secom said that it is prepared to meet with representatives of Park- Ohio to discuss terms of a potential merger/acquisition. Secom indicated that it owns approximately 1 percent of the outstanding common stock of Park-Ohio.
 "We believe that Park-Ohio is undervalued, that its basic manufacturing operations could fit well with Secom's and that it could benefit from Secom's operating and turnaround management experience," said David Marczak, Secom's secretary/treasurer.
 Park-Ohio's revenues for the year ended 1990 were approximately $132 million. Secom indicated that it expects its revenues to exceed $35 million in 1992 without any additional acquisitions.
 Secom General Corporation operates in three business segments: metal parts forming, toolmaking and plastic molded products.
 -0- 2/13/92
 /CONTACT: David J. Marczak of Secom General Corporation, 313-349-8970/
 (SECM PKOH) CO: Secom General Corporation; Park-Ohio Industries ST: Michigan, Ohio IN: MAC SU: TNM


SB -- DE008 -- 9608 02/13/92 09:44 EST
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Publication:PR Newswire
Date:Feb 13, 1992
Words:187
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