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COPPERWELD COMPLETES ACQUISITION OF SPECIALTY TUBING OPERATION

 PITTSBURGH, Oct. 28 /PRNewswire/ -- Copperweld Corporation announced today that it has completed the acquisition of Armco Inc.'s (NYSE: AS) Miami Industries Division, a specialty tubing manufacturer located in Piqua, Ohio, near Dayton, Ohio.
 The unit, which will now operate as Copperweld's Miami Division, produces mechanical, mechanical annealed and DOM (drawn-over-mandrel) steel tubing. It had 1992 sales of about $50 million.
 "We're pleased to add an organization of this caliber to the Copperweld family," said John D. Turner, president and chief executive officer. "Miami's strength is in the smaller tubing sizes and a broad variety of special shapes. It is an excellent fit with our existing mechanical tubing operation in Shelby, Ohio, which largely concentrates on products of larger diameter and greater wall thickness. It also gives us exposure in several attractive new markets such as office furniture and recreational equipment.
 "Our customers, and those of Miami, will benefit from the extremely broad range of high-quality mechanical and structural tubing that's now available from a single source," the executive continued. "And they all will benefit from Copperweld's traditional commitment to leadership and excellence."
 The Miami Division will continue to function as one of Piqua's major industries in the area, and its current executive management team consisting of David S. Mitch, Ronald R. Fox, David A. Hare, Thomas L. Kiser, Michael A. Lanciotti and Clifton A. Perryman have all been retained.
 Copperweld is one of the nation's principal producers of tubing. In addition to its Miami Division and Shelby Division mechanical tubing manufacturing facilities in Ohio, it produces structural tubing at plants in Birmingham, Ala., and Chicago. It is also the world's largest producer of bimetallic wire, manufacturing this product line at a plant in Fayetteville, Tenn.
 Copperweld had 1992 sales of approximately $250 million.
 -0- 10/28/93
 /CONTACT: Douglas E. Young of Copperweld, 412-263-3095/
 (AS)


CO: Copperweld Corporation; Armco Inc. ST: Ohio IN: MNG SU: TNM

KC-CD -- PG006 -- 8075 10/28/93 15:27 EDT
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Publication:PR Newswire
Date:Oct 28, 1993
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