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WAXMAN INDUSTRIES, INC. ANNOUNCES THE OFFERING OF 2,000,000 SHARE OF COMMON STOCK

 WAXMAN INDUSTRIES, INC. ANNOUNCES THE OFFERING
 OF 2,000,000 SHARE OF COMMON STOCK
 BEDFORD HEIGHTS, Ohio, May 20 /PRNewswire/ -- Waxman Industries, Inc. (NYSE: WAX) today announced it has commenced a public offering of 2,000,000 shares of its common stock at a price of $5.00 per share. The common stock is traded on the NYSE under the symbol "WAX."
 Kidder, Peabody & Co. and PaineWebber Incorporated are the lead underwriters of the offering. The net proceeds of the offering will be used to reduce Waxman's outstanding domestic indebtedness.
 Waxman Industries, Inc. is a leading supplier to the home repair and remodeling market in the United States and Canada. In the U.S., the Company's plumbing, electrical and hardware products are sold primarily to home improvement centers, warehouse home centers, mass merchandisers, hardware stores, lumber yards and, through its mail order and telemarketing operations, to approximately 30,000 independent retailers, contractors and locksmiths. The Company assembles, packages and markets many of these products under its proprietary trade names. In Canada, the Company is one of the largest suppliers of plumbing and heating products, serving approximately 10,000 customers across Canada, including repair and remodeling contractors, residential and commercial construction contractors and retailers.
 -0- 5/20/92
 /CONTACT: Armond Waxman or Jerome Jacques of Waxman Industries, Inc., 216-439-1830 or William L. Dupuy of Edward Howard & Co., 216-781-2400, for Waxman Industries, Inc./
 (WAX) CO: Waxman Industries, Inc. ST: Ohio IN: CST SU:


CG -- CL023 -- 2468 05/20/92 16:18 EDT
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Publication:PR Newswire
Date:May 20, 1992
Words:250
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