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CHALCO INDUSTRIES ANNOUNCES MANUFACTURING AGREEMENT WITH BARRY CONTROLS

 $3 Million in Annual Revenues Anticipated
 CHATSWORTH, Calif., Nov. 16 ~PRNewswire~ -- Chalco Industries,


Inc (NASDAQ: CLCO), dba Dunlap, Abbott, Chalco ("DACC") announced today the signing of a manufacturing agreement with Barry Controls ("Barry") whereby DACC will manufacture certain components for Barry on a preferred basis.
 The agreement, which has a primary term of 3 1~2 years, is expected to generate annual revenues to DACC of approximately $3 million. Part of the agreement provides for DACC to acquire assets from Barry Controls formerly used in its machine shop operations.
 For the most recent quarter ended June 30, 1992, DACC reported operating income of $104,000 on sales of $2,505,000.
 Barry Controls designs vibration isolation products used by numerous customers throughout the world. Dunlap, Abbott, Chalco manufactures, assembles and tests a wide variety of close tolerance aerospace and aviation related products to customer specifications.
 -0- 11~16~92
 ~CONTACT: John Vinke, VP-Finance of Chalco Industries, 818-882-6773; or William F. Coffin of Financial Relations Board, 818-783-2400~
 (CLCO)


CO: Chalco Industries Inc. ST: California IN: SU:

EH -- LA027 -- 1347 11~16~92 13:52 EST
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Publication:PR Newswire
Date:Nov 16, 1992
Words:184
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