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HOLOPHANE CORPORATION SELLS 2.7 MILLION SHARES AT $15 PER SHARE IN INITIAL PUBLIC OFFERING

 COLUMBUS, Ohio, Oct. 29 /PRNewswire/ -- Holophane Corporation (NASDAQ: HLPH) has announced the initial public offering of 2.7 million shares of common stock at $15 per share. Salomon Brothers Inc and PaineWebber Incorporated are co-managers of the underwriting group. Certain selling stockholders have granted the underwriters an over- allotment option of 357,000 shares.
 The net proceeds from the offering will be used primarily to reduce the company's outstanding indebtedness and to redeem outstanding preferred stock.
 Holophane Corporation is a leading manufacturer of highly engineered, superior performance lighting fixtures and systems for many niches of the industrial, commercial and outdoor markets. Since 1895, the company has maintained its widely recognized position in the lighting industry by providing products designed for superior optical performance, reliability and energy efficiency. The company capitalizes on its unique glass-making capabilities and research and development expertise to continuously develop innovative products. Holophane focuses its sales efforts on the design phase of the lighting project by targeting the end users and specifiers who are directly involved in the construction process. The company has an exclusive 150-person highly trained factory sales force that often serves as the primary technical resource for these customers' lighting solutions.
 Copies of the prospectus relating to the offer may be obtained from Salomon Brothers Inc, 7 World Trade Center, New York, NY 10048.
 -0- 10/29/93
 /CONTACT: John R. DallePezze, chairman, president and chief executive officer of Holophane, 614-224-3134/
 (HLPH)


CO: Holophane Corporation ST: Ohio IN: SU:

JS -- NY070 -- 8606 10/29/93 14:59 EDT
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Publication:PR Newswire
Date:Oct 29, 1993
Words:254
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