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BLISS & LAUGHLIN INDUSTRIES AND UNION DRAWN STEEL COMPANY END NEGOTIATIONS

 BLISS & LAUGHLIN INDUSTRIES AND
 UNION DRAWN STEEL COMPANY END NEGOTIATIONS
 HARVEY, Ill., May 15 /PRNewswire/ -- Bliss & Laughlin Industries Inc. (NASDAQ: BLIS) and Nelsen Steel & Wire Company, Inc. said today that Bliss & Laughlin Industries and Union Drawn Steel Company Ltd. have ended negotiations to form a new Canadian company to acquire the outstanding common stock of Union Drawn Steel Company Ltd. and certain assets of Bliss & Laughlin Industries' wholly-owned subsidiary, Canadian Drawn Steel Company Inc. as previously announced. The two companies did not disclose the reasons.
 Headquartered in Harvey, Ill., Bliss & Laughlin Industries Inc. is a manufacturer of cold finished steel bars, producing the widest range of grades, sizes and shapes in the industry. Its common shares are traded on the NASDAQ National Market System.
 -0- 5/15/92
 /CONTACT: Gregory H. Parker, chairman & CEO of Bliss & Laughlin Industries, 312-264-1800/
 (BLIS) CO: Bliss & Laughlin Industries Inc.; Union Drawn Steel Co. Ltd. ST: Illinois IN: MNG SU:


KD-LR -- NY103 -- 0980 05/15/92 17:25 EDT
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Publication:PR Newswire
Date:May 15, 1992
Words:164
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