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DOUGLAS & LOMASON COMPANY FILES FOR PUBLIC OFFERING

 DOUGLAS & LOMASON COMPANY FILES FOR PUBLIC OFFERING
 FARMINGTON HILLS, Mich., March 26 /PRNewswire/ -- Douglas & Lomason


Company (NASDAQ-NMS: DOUG) announced today that it has filed with the Securities and Exchange Commission a Registration Statement relating to a public offering of 1,015,294 shares of common stock (the number of shares reflects a 3-for-2 stock split to be distributed April 2, 1992, to shareholders of record on March 16, 1992). The company will sell 780,000 of the shares and 235,294 shares will be offered by the trustees of the retirement plans for the employees of the company. Bear, Stearns & Co. Inc. will be the lead managing underwriter with Kemper Securities Group, Inc. as co-manager. Net proceeds from the offering will be used to reduce debt, finance capital expenditures and for other general corporate purposes.
 Douglas & Lomason Company is a major supplier to the automotive industry of seating systems, components and mechanisms, and decorative and functional body trim parts. The company also manufactures material handling systems and custom truck bodies and trailers.
 Copies of the preliminary prospectus can be obtained from Bear, Stearns & Co. Inc. at 245 Park Ave., New York, NY 10167 and from Kemper Securities Group, Inc. at 333 West Wacker Drive, 4th Floor, Chicago, IL 60606-1280.
 A Registration Statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the Registration Statement becomes effective. This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state.
 -0- 3/26/92
 /CONTACT: James J. Hoey, vice president - Finance, Douglas & Lomason Company, 313-442-4256/
 (DOUG) CO: Douglas & Lomason Company ST: Michigan IN: AUT SU: OFR


JG -- DE022 -- 2104 03/26/92 16:00 EST
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Publication:PR Newswire
Date:Mar 26, 1992
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