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IMCO RECYCLING INC. FILES SECONDARY OFFERING OF SHARES OF COMMON STOCK

 IRVING, Texas, March 2 /PRNewswire/ -- IMCO Recycling Inc. (NYSE: IMR) today announced the filing of a registration statement with the Securities and Exchange Commission for a secondary public offering of 1,483,479 shares of its common stock owned by Merrill Lynch Interfunding Inc. The offering, which will be managed by Merrill Lynch & Co. and Smith Barney, Harris Upham & Co. Incorporated, follows the exercise of certain demand registration rights held by Merrill Lynch Interfunding. If the over-allotment option is exercised, Merrill Lynch Interfunding's total ownership position of 1,706,000 shares will be sold in the offering.
 Ralph L. Cheek, IMCO Recycling's chairman and chief executive officer, said the offering of the shares results from Merrill Lynch Interfunding's policy of focusing on investments in private companies. Cheek said that IMCO's management and board of directors "are very appreciative of the important role that Merrill Lynch Interfunding has played in the growth and progress of our company over the past seven years."
 IMCO Recycling Inc. is the world's largest independent recycler of aluminum beverage cans, scrap and dross, and it also recycles magnesium and zinc. Its production facilities are located in Morgantown, Ky.; Rockwood, Tenn.; Sapulpa, Okla.; Uhrichsville, Ohio; and Adrian, Mich. IMCO Recycling's headquarters office is in Irving.
 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 press 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- 3/2/93
 /CONTACT: Paul V. Dufour of IMCO Recycling Inc., 214-869-6575/
 (IMR)


CO: IMCO Recycling Inc. ST: Texas IN: SU: OFR

TS -- NY107 -- 2141 03/02/93 16:45 EST
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Publication:PR Newswire
Date:Mar 2, 1993
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