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AUTOMOTIVE INDUSTRIES HOLDING ANNOUNCES THE INITIAL PUBLIC OFFERING OF 5 MILLION SHARES OF COMMON STOCK

 AUTOMOTIVE INDUSTRIES HOLDING ANNOUNCES THE INITIAL
 PUBLIC OFFERING OF 5 MILLION SHARES OF COMMON STOCK
 MINNEAPOLIS, May 1 /PRNewswire/ -- Automotive Industries Holding, Inc. (NASDAQ: AIHI) announced today the initial public offering of 5,000,000 shares of common stock at a price of $14 per share. All of the shares offered were sold by the company. Kidder, Peabody & Co. Incorporated and Lehman Brothers are co-managers of the underwriting group.
 The net proceeds to the company from the offering will be used for repayment of senior debt and certain refinancing costs.
 The company is a leading designer and manufacturer of high quality interior trim systems and blow molded plastic parts principally for North American Car, mini-van and light truck manufacturers. The company's interior trim products include complete door panel assemblies, seat backs and inserts, arm rests, consoles and head rests. Blow molded products include windshield washer reservoirs, gas tank shields and radiator coolant overflow reservoirs. The company's products are sold to major North American automotive original equipment manufacturers, including Ford, Chrysler, General Motors, Diamond Star (a wholly owned subsidiary of Mitsubishi), Honda, Isuzu, Mazda and Nissan.
 -0- 5/1/92
 /CONTACT: Scott D. Rued of Automotive Industries Holding, 612-332-2335/
 (AIHI) CO: Automotive Industries Holding Inc. ST: Minnesota IN: AUT SU: OFR


TS -- NY026 -- 5379 05/01/92 10:20 EDT
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Publication:PR Newswire
Date:May 1, 1992
Words:219
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