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SHEFFIELD INDUSTRIES ANNOUNCES OFFERING OF 675,000 SHARES

      SHEFFIELD INDUSTRIES ANNOUNCES OFFERING OF 675,000 SHARES
    MIAMI, Jan. 28 /PRNewswire/ -- Sheffield Industries, Inc. (NASDAQ: HOSE) announced today that its offering of 675,000 shares of its $.01 par value common stock at $12 per share had become effective. All of the shares are being offered by the company.
    Vantage Securities, Inc. is the managing underwriter of the offering and has an option to purchase up to an additional 101,250 shares to cover over-allotments.
    The net proceeds of the offering will be used to fund the company's expansion plans, reduce debt and provide additional working capital.
    Sheffield Industries, Inc. manufactures more than 60 styles of ladies hosiery including plain and textured pantyhose, knee-highs and tights primarily under the private labels of its customers which include K-Mart, Wal-Mart, J.C. Penney, Rite-Aid, Woolworth, Payless Shoe Source and Sears.  Sheffield also manufactures and markets "Fruit of the Loom" pantyhose, knee-highs and children's tights, and fashion-oriented products in its "Chic" brand label program.
    -0-       1/28/92
    /CONTACT: Mitchell A. Hammer, president of Sheffield Industries, 305-624-8493/ CO:  Sheffield Industries Inc. ST:  Florida IN:  TEX SU:  OFR CK-TM -- NY038 -- 4158 01/28/92 10:56 EST
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Publication:PR Newswire
Date:Jan 28, 1992
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