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KETEMA ANNOUNCES DIVESTITURE OF ITS ALUMINUM EXTRUSION DIVISION

 DENVER, Sept. 2 /PRNewswire/ -- Ketema Inc. (AMEX: KTM) announced that it has completed the sale of its Aluminum Extrusion Division to Columbia Aluminum Corp.
 As previously reported, the sales price of approximately $10 million is comprised principally of a Seller financed short-term note and a combination of cash and 190,900 shares of Ketema common stock (which was held by Columbia). The sales price, net of divestiture expenses, is anticipated to be approximately equal to book value.
 Ketema, with headquarters in Denver, is a diversified, multi-product manufacturer which develops, designs, manufactures and markets, domestically and internationally, a wide group of products for industrial and commercial markets. The company consists of three business groups -- Process, Aerospace and Industrial, and a platform for emerging technology companies.
 -0- 9/2/93
 /CONTACT: Robert L. Tomz of Ketema, 303-329-7193/
 (KTM)


CO: Ketema Inc.; Columbia Aluminum Corp. ST: Colorado IN: ARO SU:

MC -- DV003 -- 8435 09/02/93 12:50 EDT
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Publication:PR Newswire
Date:Sep 2, 1993
Words:156
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