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AMERIWOOD SPECIAL COMMITTEE HIRES FINANCIAL ADVISER

 AMERIWOOD SPECIAL COMMITTEE HIRES FINANCIAL ADVISER
 GRAND RAPIDS, Mich., Nov. 6 /PRNewswire/ -- The Special Committee of


Ameriwood Industries International Corporation (NASDAQ: AWII) announced that it has hired Kemper Securities, Inc. to be its financial adviser for the purpose of evaluating the fairness of a $21 per share cash offer for Ameriwood's common stock earlier made by the Willametta K. Day Trust.
 The Special Committee also announced that it has signed a confidentiality agreement with the Day Trust that will permit the Trust at an appropriate time to perform a "due diligence" review of Ameriwood.
 Ameriwood, headquartered in Grand Rapids, is one of the country's largest producers of ready-to-assembly furniture and a leading supplier of stereo speaker cabinets to original equipment manufacturers of consumer electronics. The company has facilities in Grand Rapids and Dowagiac, Mich., and Tiffin, Ohio.
 -0- 11/6/92
 /CONTACT: Joel Seligman of the Ameriwood Industries International Corporation Special Committee, 313-764-9345/
 (AWII) CO: Ameriwood Industries International Corporation ST: Michigan IN: SU:


JG -- DE028 -- 8326 11/06/92 16:58 EST
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Publication:PR Newswire
Date:Nov 6, 1992
Words:172
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