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MASCO INDUSTRIES RESTRUCTURES AUTOMOTIVE OPERATIONS; CHANGES NAME TO MASCOTECH, INC.

 TAYLOR, Mich., June 23 /PRNewswire/ -- Simultaneous with its name change from Masco Industries to MascoTech, Inc. (NYSE: MSX), the company today announced the restructuring of its automotive businesses into three separate operating groups. The announcement was made by Lee M. Gardner, president and chief operating officer of MascoTech, Inc.
 The restructuring is part of an ongoing effort to sharpen customer focus throughout the company. The three business groups and their respective operating executives are:
 -- Powertrain Group -- Henry Thiele, Group President
 -- Automotive Systems Group -- Al Grava, Group President
 -- Aftermarket Group -- Lou Merz, Group Vice President
 "Over the past several years, we have been formulating a strategy to re-engineer the company to make it fit the changing business environment that is impacting the entire automotive industry," said Gardner. "Our automotive customers are implementing actions to rationalize their existing supplier base. They're demanding more direct involvement and expanded global capability from those suppliers who will remain in the supply base. Our goal is to meet their requirements by providing faster, more extensive and more efficient service. To do just that, each of our businesses will draw on the resources of the multi-faceted MascoTech family of companies, while retaining autonomy and the entrepreneurial spirit of a customer-oriented small business."
 According to Gardner, the name change is the first step in an ongoing program to focus more attention on the strong technological roots of the company, and will help strengthen the separate identity of the company from its affiliate, Masco Corporation (NYSE: MAS). Concurrently, many MascoTech subsidiaries and business units will be given new names to reflect their relationship with the parent company (see following fact sheet).
 MascoTech, Inc. is a technology-focused company serving the needs of the transportation, architectural and energy industries with custom- engineered industrial products.
 MascoTech, Inc.
 Name Change Fact Sheet
 Automotive Operations
 New Name Prior Name
 MASCOTECH, INC. MASCO INDUSTRIES, INC.
 Lee Gardner, President & Chief
 Operating Officer
 POWERTRAIN GROUP
 Henry Thiele, Group President
 MascoTech Braun Braun Engineering
 MascoTech Sintered Components Exotic Metals
 MascoTech Forming Technologies Masco Forming Technology Co.
 MascoTech Precision Headed
 Products Peerless/Hi-Vol
 MascoTech Tubular Products R&B Manufacturing
 Holzer GmbH Holzer GmbH
 Norris Vernon Norris Defense
 International Crankshaft(a) International Crankshaft
 AUTOMOTIVE SYSTEMS GROUP
 (formerly Creative Industries Group (CIG))
 Al Grava, Group President
 MascoTech Vehicle Operations CIG Manufacturing
 MascoTech Manufacturing &
 Assembly Operations CIG CVO
 MascoTech Specialty Stampings CIG CAS
 MascoTech Special Vehicles CIG CMS
 MascoTech Accessories Huron St. Clair Racks
 MascoTech Technical Services Technical Services
 MascoTech Engineering - North
 America CES
 MascoTech Engineering - Europe Canewdon
 MascoTech Prototype & Tooling CPT
 MascoTech Design Services CDS
 MascoTech Training & Visual
 Services CU
 MascoTech Marketing Services CIS
 MascoTech Stamping Technologies, Masco Stamping Technologies,
 Inc. Inc.
 MascoTech Industrial Components Huron/St. Clair Industrial
 Components
 MascoTech Coatings Vacumet
 MascoTech Controls Hi-Ram/Schmeizer
 Elbi/Hi-Ram(a) Elbi/Hi-Ram
 Autostyle(a) Autostyle
 AFTERMARKET GROUP
 Lou Merz, Group Vice President
 BLD BLD
 GLO S.p.A. GLO S.p.A.
 International Brake Ind. International Brake Ind.
 Pylon Pylon
 (a) Affiliate
 -0- 6/23/93
 /NOTE: An organization chart of MascoTech, Inc. is available by contacting Lee Ann Welsh of Anthony M. Franco, Inc., at 313-567-5087.
 CONTACT: Gene Stohler of MascoTech, Inc., 313-374-6292/
 (MSX)


CO: MascoTech, Inc. ST: Michigan IN: AUT SU: RCN

JG-ML -- DE007 -- 4899 06/23/93 09:46 EDT
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Publication:PR Newswire
Date:Jun 23, 1993
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