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SCHULLER INTERNATIONAL IS NEW NAME FOR MANVILLE SUBSIDIARY

 SCHULLER INTERNATIONAL IS NEW NAME FOR MANVILLE SUBSIDIARY
 DENVER, Feb. 11 /PRNewswire/ -- Denver-based Manville Corporation (NYSE: MVL) today announced it is changing the name of its fiber glass-based subsidiary to Schuller International, Inc., from Manville Sales Corporation. The change is effective immediately.
 In making the announcement, Richard A. Kashnow, Schuller president, said, "We are making the change now to create a strong identity for this subsidiary and to support our parent company's efforts to have its securities fairly valued. The name change also supports our initiative for a fresh start as one of the world's largest fiber glass-based companies. We've spent the last year streamlining to meet the challenges of the current recession and to position ourselves for the comeback in construction. Now, we're ready."
 Even though the subsidiary name will change to Schuller, many of the Manville name-brand product lines will not change. These include Manville building, mechanical and specialty insulations, and roofing systems. "In these product lines the Manville brand name has great value that we intend to preserve," Kashnow added.
 Manville Corporation announced last June that it had changed the name of its other subsidiary to Riverwood International Corporation, a paperboard and packaging systems company headquartered in Atlanta. At that time it said it was consolidating its fiber glass-based businesses under Kashnow's leadership and that it would change the subsidiary name in the near future.
 "It has been our intention for the past several years to complete our evolution to a holding company structure," said Tom Stephens, Manville chairman. "The unique names for each of our stand-alone subsidiaries is an important part of that process. It helps the investment and financial community better understand the diverse businesses of the parent."
 The change also helps further remove the subsidiary businesses from the asbestos legacy of Manville's past, Stephens said. "Manville Corporation has changed significantly over the past five years. However, much of Wall Street continues to respond to the old Manville structure despite successful moves to focus on our core fiber glass and paperboard and packaging businesses."
 The name "Schuller" comes from a company acquired by Manville in 1970 called Glaswerk Schuller in Germany. Glaswerk Schuller, now called Schuller GmbH, was founded in 1896 and pioneered the development of specialty glass technologies such as nonwoven glass mats and specialty glass yarn. Although not well known in North America, Schuller GmbH has the highest reputation for quality throughout Europe and Asia.
 The new Schuller International is organized into two business segments, Building Products and Engineered Products.
 Businesses comprising the Building Products segment are:
 -- Manville Building Insulation, headed by Ronald W. Mathewson, senior vice president and general manager. The division manufactures and sells residential and commercial/industrial insulation, metal building and manufactured housing insulation.
 -- Manville Roofing Systems, headed by Dixon R. Walker, vice president and general manager, manufactures and sells residential and commercial roofing products.
 -- Manville Mechanical Insulations, headed by Michael R. Harrison, vice president and general manager, manufactures and sells fiber glass pipe insulation, duct liner, calcium silicate insulations, and PVC fitting covers and jackets for pipe insulation.
 Businesses comprising the Engineered Products segment are:
 -- Schuller GmbH, the German subsidiary, headed by Paul Hahmann, vice president and general manager. It manufactures and sells glass mat for roofing and flooring and sliver products for wallcoverings and other applications.
 -- Schuller Mats and Reinforcements, headed by Lawrence P. Doyle, vice president and general manager, manufactures and sells fiber glass reinforcements for plastics, specialty mats, mat and fiber for roofing, and sliver products for wallcoverings and other applications.
 -- Manville Specialty Insulations, headed by Simon W. (Skip) Ulmer, vice president and general manager, manufactures and sells fiber glass for the heating, ventilating, air conditioning and the flexible duct industry, airframe insulation and acoustic systems.
 -- Schuller Filtration, headed by Edmund K. Langley, vice president and general manager, manufactures and sells filtration products.
 -- Schuller Automotive, headed by Ronald W. (Skip) Allan, general manager, manufactures and sells hood insulators, headliners and uncured fiber glass for resale.
 Other senior managers include: William J. Ehner, senior vice president for operations; Dr. Robert Anderson, senior vice president for science and technology; Richard B. Von Wald, senior vice president and general counsel; Kenneth L. Jensen, vice president for finance; Clifford R. Hall, vice president and chief information officer; Cyril E. Fry, director of human resources; and, Yuki Ikegaki, manager of Schuller Japan.
 Schuller International employs approximately 7,500 people worldwide with annual sales in excess of $1 billion. It has 33 production facilities in North America and in Europe. The subsidiary, as well as the parent company, will remain based in Denver, Colorado.
 -0- 2/11/92
 /CONTACT: Leo Honeycutt, 303-978-2382 or Charles Lemons (Financial), 303-978-4694, both of Manville Corporation/
 (MVL) CO: Manville Corp.; Schuller International Inc. ST: Colorado IN: PAP SU:


BB -- DV001 -- 8591 02/11/92 07:00 EST
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Date:Feb 11, 1992
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