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IONICS FILES REGISTRATION STATEMENT WITH THE SECURITIES AND EXCHANGE COMMISSION

 IONICS FILES REGISTRATION STATEMENT
 WITH THE SECURITIES AND EXCHANGE COMMISSION
 WATERTOWN, Mass., Jan. 14 /PRNewswire/ -- Ionics, Incorporated (NYSE: ION) announced today that it has filed a registration statement with the Securities and Exchange Commission for the public offering of 1 million shares of common stock. The company has granted the underwriters the option to sell an additional 150,000 shares to cover over-allotments.
 The net proceeds to the company from the offering will be used for working capital and general corporate purposes and to support further expansion of the company's business. PaineWebber Incorporated (lead manager), Alex. Brown & Sons Incorporated and Raymond James & Associates, Inc. are managing the offering.
 Ionics is a separations technology company involved worldwide in the manufacture and sale of membranes and related equipment for the purification of water, in the supply of purified water and water treatment chemicals, and in the sale of bottled water and home water purifiers.
 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 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.
 Ionics' principal offices are located at 65 Grove St., Watertown, Mass., 02172. For a copy of the prospectus for this offering, contact PaineWebber Incorporated, 1285 Avenue of the Americas, New York, N.Y., 10019, Attention: Prospectus Department; or Alex. Brown & Sons Incorporated, 135 E. Baltimore St., Baltimore, Md., 21202; or Raymond James & Associates, Inc., 880 Carillon Parkway, St. Petersburg, Fla., 33716, Attention: Prospectus Clerk.
 -0- 1/14/92
 /CONTACT: A.T. Coughlin of Ionics, 617-926-2500/
 (ION) CO: Ionics, Incorporated ST: Massachusetts IN: CHM SU: OFR


PB-SH -- NE001 -- 9407 01/14/92 09:12 EST
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Publication:PR Newswire
Date:Jan 14, 1992
Words:342
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