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FARREL CORPORATION ANNUAL MEETING

 FARREL CORPORATION ANNUAL MEETING
 ANSONIA, Conn., Sept. 14 /PRNewswire/ -- Farrel Corporation


(NASDAQ: FARL) at its annual meeting Sept. 9, 1992, announced an agreement in principle to acquire Germany's Maschinenfabrik S. Rockstedt OHG, a high-technology supplier of capital equipment to the plastics industry. Rockstedt will form the basis of Farrel's European headquarters.
 With annual sales of $7 million and a backlog of $10 million, Rockstedt is expected to add to Farrel earnings and be anti-dilutive. The purchase price will be in cash and will be calculated on six times average after-tax earnings.
 Rolf K. Liebergesell, CEO and president of Farrel, also announced the formal introduction into the market of the CP-Series II compounder, a second generation continuous processor. This new product introduction is a fully tested and proven machine, utilizing the latest computer- technology, advanced mechanical design, with significant features designed for ease of operation, maintenance, product changeover and mechanical reliability and durability.
 According to Liebergesell, the purchase of Rockstedt and the introduction of the CP-Series II forms the basis for the corporation's initiative to service the plastics compounding industry, the largest growth market for Farrel. Rockstedt's high-technology twin screw extruders, with unique patented technology, coupled with the unmatched continuous mixer technology of the CP-Series II, will allow Farrel to offer the widest choice of processing alternatives to all compounders, covering the broadest range of materials, from commodity resins to highly sophisticated engineered resins. Liebergesell indicated that this powerful combination of products has the potential of making Farrel the dominant supplier to the plastics industry.
 Farrel's board of directors also announced a quarterly dividend of 4 cents a share on all shares of record as of Sept. 15, payable Sept. 30. This is Farrel's third consecutive dividend since going public in January 1992.
 The Farrel board, after taking comments from the annual shareholders meeting, voted to change its fiscal year from ending the 30th of April to a calendar year ending Dec. 31, to match its customers' financial planning process and make it easier for investors to follow Farrel's comparative performance.
 -0- 9/14/92
 /CONTACT: Joseph R. Carvalko, Jr., of Farrel, 203-736-5514/
 (FARL) CO: Farrel Corporation ST: Connecticut IN: SU: DIV


SH-PS -- NY062 -- 9232 09/14/92 15:05 EDT
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Date:Sep 14, 1992
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