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KNAPE & VOGT FILES SUIT AGAINST ACCURIDE; ALLEGES FALSE AND MISLEADING STATEMENTS, PRODUCT TAMPERING

 GRAND RAPIDS, Mich., July 23 /PRNewswire/ -- Knape & Vogt Manufacturing Company (NASDAQ-NMS: KNAP) announced today that it has filed suit in Federal District Court alleging that Accuride Corp., a Knape & Vogt competitor in the drawer slide business, has deliberately interferred with and disrupted Knape & Vogt's efforts to market its KV 8400 precision drawer slide.
 The complaint, filed on Wednesday, July 21, with the United States District Court for The Western District of Michigan, lists several actions by Accuride. These include, among other things, interferring with Knape & Vogt's displays at a number of trade shows, making false statements regarding the KV 8400's ability to meet industry standards, and publishing factually inaccurate and misleading communications in which Accuride claimed the Knape & Vogt product was nothing more than a "knock off" of an Accuride product, which it is not.
 Knape & Vogt is seeking relief in the form of an injunction preventing Accuride from making further false or misleading statements about the KV 8400, requiring Accuride to inform all persons who received or heard the misleding statements, or who may hear them, that those statements were false and misleading and acknowledging that Accuride was the source of those statements, as well as other forms of relief.
 Commenting on the action, Knape & Vogt Chairman Raymond E. Knape said, "We have no fear whatever of competition as long as it is conducted in a forthright manner. However, when a competitor resorts to conduct of this kind, we intend to act aggressively to bring those practices to a halt. We are very proud of the quality of our 8400 precision drawer slides and all our other products as well. The 8400 is an original Knape & Vogt design that meets or exceeds all relevant testing standards and we will not tolerate statements that mislead customers or anyone else into believing otherwise."
 Knape & Vogt manufactures wall-attached and freestanding shelving and a wide variety of home furnishing items and derives about one third of its sales from drawer slides for OEM office furniture, kitchen and utility cabinet manufacturers.
 For more information on Knape & Vogt Manufacturing Company, simply dial 1-800-PRO-INFO and enter the company number 099.
 -0- 7/23/93
 /CONTACT: Richard C. Simkins, 616-459-3311 ext. 203, of Knape & Vogt Manufacturing Co.; Jack Queeney or Mike Arneth, 312-266-7800, Financial Relations Board, Inc.; or FRB in N.Y., Regina Ryan, 212-661-8030, for Knape & Vogt/
 (KNAP)


CO: Knape & Vogt Manufacturing Company; Accuride Corp. ST: Michigan IN: SU:

LG -- NY067 -- 5197 07/23/93 13:39 EDT
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Publication:PR Newswire
Date:Jul 23, 1993
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