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SIMPSON INDUSTRIES ANNOUNCES OFFERING

 SIMPSON INDUSTRIES ANNOUNCES OFFERING
 BINGHAM FARMS, Mich., March 18 /PRNewswire/ -- Simpson Industries,


Inc. (NASDAQ-NMS: SMPS) announced today that it has filed with the Securities and Exchange Commission a Registration Statement relating to a public offering of 1,800,000 shares of common stock. All 1,800,000 shares are being offered by the company. Donaldson, Lufkin & Jenrette Securities Corporation and PaineWebber Incorporated were named as managers of the underwriting group. The company has granted an option to the underwriters to purchase up to 270,000 additional shares on the same terms solely to cover over-allotments. Net proceeds from the offering will be used principally for anticipated capital expenditures necessary to fund new product programs as well as for working capital and general corporate purposes.
 Simpson Industries, Inc. manufacturers precision machined components principally on a sole-source basis for original equipment manufacturers in the automotive, truck and heavy equipment industries in North America. In addition, Simpson Industries, Inc. provides design, engineering and testing capabilities and works closely with its customers in the development of new products and the refinement of existing products.
 Copies of the preliminary prospectus can be obtained from Donaldson, Lufkin & Jenrette Securities Corporation at 140 Broadway, New York, N.Y. 10005 and from PaineWebber Incorporated at 1285 Avenue of the Americas, New York, N.Y. 10019.
 A Registration Statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor any offers to buy be accepted prior to the time the Registration Statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state.
 -0- 3/18/92
 /CONTACT: Robert W. Navarre, chairman and chief executive officer of Simpson Industries, 313-540-6200/
 (SMPS) CO: Simpson Industries Inc. ST: Michigan IN: AUT SU: OFR


TS -- NY053 -- 9259 03/18/92 12:59 EST
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Publication:PR Newswire
Date:Mar 18, 1992
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