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THE CANTON INDUSTRIAL CORP. ACQUIRES NEW OFFICE BUILDING

 SALT LAKE CITY, Oct. 12 /PRNewswire/ -- The Canton Industrial Corp. ("Canton"), a Boston Stock Exchange company listed under the symbol CNI, announced today that it has acquired an office building in downtown Salt Lake City known as the "Plandone" building.
 The Plandone building is located across the street from the Chamber of Commerce Building and the Salt Lake City and County Building and contains approximately 15,300 square feet of office space. Canton is considering moving its corporate offices to this building.
 Canton currently owns approximately 1,700,000 square feet of buildings and is aggressively seeking to acquire more real estate, assets and operating companies. One example of this type of progressive attitude was the recent acquisition of Metallurgical Industries Inc. (NASDAQ: MTALA) ("Metallurgical"), a NASDAQ company listed under the symbol MTALA, which was announced on Oct. 4, 1993.
 Canton and/or its affiliates have been involved in the tire recycling business and are actively pursuing other acquisition and mergers in the tire and automobile recycling and aerospace industries.
 -0- 10/12/93
 /CONTACT: Richard Surber, The Canton Industrial Corp., 801-575-8311/
 (MTALA)


CO: The Canton Industrial Corp.; Metallurgical Industries Inc. ST: Utah IN: ENV AUT SU: RLE

MF-EH -- LA026 -- 1143 10/12/93 13:18 EDT
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Publication:PR Newswire
Date:Oct 12, 1993
Words:207
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