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CREST INDUSTRIES, INC. ANNOUNCES TERMINATION OF DISCUSSIONS RELATING TO PROPOSED BUSINESS COMBINATION

 CREST INDUSTRIES, INC. ANNOUNCES TERMINATION OF DISCUSSIONS
 RELATING TO PROPOSED BUSINESS COMBINATION
 MIAMI, Oct. 9 /PRNewswire/ -- Crest Industries, Inc. (NASDAQ: CRII) today announced that the discussions with respect to a proposed business combination with M.G. Products, a privately held manufacturer and distributor of lighting products, have been terminated. Crest had previously announced that it had entered into a letter of intent regarding such proposed business combination.
 Crest is primarily engaged in the importation and wholesale distribution of home improvement products, including ceiling fans, room air conditioners, track and recessed lighting products, dehumidifiers and plumbing fixtures.
 -0- 10/9/92
 /CONTACT: Ronald S. Kepes, president and CEO; Gary Rodney, vice president & CFO, of Crest Industries, 305-592-5699; or Susan Sherman of Cameron Associates, 212-644-9560, for Crest Industries, Inc./
 (CRII) CO: Crest Industries, Inc.; M.G. Products ST: Florida IN: HOU SU:


AH-OS -- NY066 -- 8470 10/09/92 15:55 EDT
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Publication:PR Newswire
Date:Oct 9, 1992
Words:149
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