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SIMPSON INDUSTRIES ANNOUNCES OFFERING

 SIMPSON INDUSTRIES ANNOUNCES OFFERING
 BINGHAM FARMS, Mich., April 9 /PRNewswire/ -- Simpson Industries,


Inc. (NASDAQ-NMS: SMPS) announced today the public offering of 1,800,000 shares of its common stock at a price of $ 13.75 per share. All 1,800,000 shares are being issued and sold by the company. Donaldson, Lufkin & Jenrette Securities Corporation and PaineWebber Incorporated are the co-managers of the underwriting group. The company has granted an option to the underwriters to purchase up to 270,000 additional shares 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.
 Simpson Industries, Inc.'s common stock is traded over the counter.
 -0- 4/9/92
 /CONTACT: Robert W. Navarre, chairman and chief executive officer of Simpson Industries, 313-540-6200/
 (SMPS) CO: Simpson Industries Inc. ST: Michigan IN: SU: OFR


SH -- NY014 -- 6592 04/09/92 08:52 EDT
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Publication:PR Newswire
Date:Apr 9, 1992
Words:217
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