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TRANZONIC ACQUIRES IRONING BOARD MANUFACTURER

 CLEVELAND, Aug. 16 /PRNewswire/ -- The Tranzonic Companies (AMEX: TNZA/TNZB) today announced the acquisition of Ever-Ready Appliance Manufacturing Company for an undisclosed amount of cash. Ever- Ready, St. Louis, Mo., is a leading manufacturer of ironing boards and step stools.
 Robert S. Reitman, Tranzonic chairman and chief executive officer, said that the acquisition represented a significant broadening of the company's home laundry products category. He said that the product lines and marketing orientation of Ever-Ready and two other Tranzonic subsidiaries are highly complementary and will afford a greater opportunity to offer a package of products such as Ever-Ready ironing boards and ironing board pads and covers manufactured by Tranzonic's Pressing Supply Company.
 Reitman said that Ever-Ready will join the company's Housewares Division which includes Pressing Supply, Philadelphia, and American Homeware Company of Dallas. The latter produces and markets home laundry accessories, closet organization products, personal travel organizers and cedar storage units.
 Both existing Tranzonic units and Ever-Ready supply many of the nation's leading retail organizations.
 "We expect the acquisition to be highly beneficial to both our present and potential customer base," Reitman said.
 Cleveland-based Tranzonic is a manufacturer/distributor of paper, cloth and vinyl products. Tranzonic has three divisions in addition to its Housewares Division. Its Personal Care Division manufactures and distributes personal hygiene products while the Industrial Textiles Division supplies industrial wiping products. The Industrial Packaging Division manufactures spiral-wound paper tubes and cores for industry.
 -0- 8/16/93
 /CONTACT: Michael J. Gannon of The Tranzonic Companies, 216-831-5757/
 (TNZA TNZB)


CO: The Tranzonic Companies; Ever-Ready Appliance Manufacturing Co. ST: Ohio, Missouri IN: HOU SU: TNM

BM -- CL005 -- 2923 08/16/93 09:18 EDT
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Publication:PR Newswire
Date:Aug 16, 1993
Words:275
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