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NACCO INDUSTRIES ANNOUNCES ADDITIONAL PURCHASE PROGRAM FOR SUBSIDIARY DEBT

 CLEVELAND, March 11 /PRNewswire/ -- NACCO Industries, Inc. (NYSE: NC) announced that its board of directors has authorized the purchase of up to an additional $50 million principal amount of 12-3/8 percent Senior Subordinated Debentures due Aug. 1, 1999 of its subsidiary, Hyster-Yale Materials Handling, Inc. NACCO has purchased almost all of the $25 million principal amount of such Debentures previously authorized by its board. The purchases may be made from time to time in the open market and in privately negotiated transactions.
 NACCO Industries, Inc. is a holding company with four operating subsidiaries. Hyster-Yale Materials Handling, Inc. is a world leader in the design and manufacture of forklift trucks, marketed under the Hyster| and Yale| brand names. The North American Coal Corporation mines and markets lignite coal primarily as fuel for power generation by electric utilities. Hamilton Beach/Proctor-Silex, Inc. is a leading manufacturer of small electric appliances. The Kitchen Collection, Inc. is a national specialty retailer of kitchenware and small electric appliances.
 -0- 3/11/93
 /CONTACT: R. Robertson Hilton, vice president and treasurer of NACCO Industries, Inc., 216-449-9600/
 (NC)


CO: NACCO Industries, Inc. ST: Ohio IN: MNG SU:

KK -- CL013 -- 5158 03/11/93 14:09 EST
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Publication:PR Newswire
Date:Mar 11, 1993
Words:200
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