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STI GROUP TO SELL ALUMINUM CAPACITOR DIVISION

 STI GROUP TO SELL ALUMINUM CAPACITOR DIVISION
 STAMFORD, Conn., July 1 /PRNewswire/ -- STI Group, Inc. (NYSE: SPG)


announced today that it had signed a definitive purchase and sale agreement for the sale of the manufacturing facility and equipment and certain other assets of STI's Aluminum Capacitor Division to Lansing Chemi-Con, Inc., a subsidiary of United Chemi-Con, Inc. As previously reported, no gain or loss is expected on the sale. The transaction is subject to certain governmental review. Closing of the transaction is expected to occur on Aug. 31, 1992.
 -0- 7/1/92
 /CONTACT: R. Kevin Matz of STI Group, 203-964-8628/
 (SPG) CO: STI Group, Inc.; Aluminum Capacitor Division; Lansing Chemi- ST: Connecticut IN: SU:


SM-LR -- NY044 -- 5595 07/01/92 10:36 EDT
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Publication:PR Newswire
Date:Jul 1, 1992
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