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UNDERWRITER EXERCISES 100 PERCENT OF OVER-ALLOTMENT OPTION FOR COMMON STOCK OF SHEFFIELD INDUSTRIES

 UNDERWRITER EXERCISES 100 PERCENT OF OVER-ALLOTMENT OPTION
 FOR COMMON STOCK OF SHEFFIELD INDUSTRIES
 MIAMI, Feb. 24 /PRNewswire/ -- Sheffield Industries, Inc. (NASDAQ: HOSE) announced today that Vantage Securities, Inc., the managing underwriter, has exercised its option to purchase an additional 101,250 shares of Sheffield common stock to cover over-allotments pursuant to its Jan. 28, 1992 public offering of 675,000 shares at $12.00 per share. All the shares were offered by the company.
 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, F.W. Woolworth, PharMor, Family Dollar, 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- 2/24/92
 /CONTACT: Mitchell A. Hammer, president of Sheffield Industries, 305-624-8493/
 (HOSE) CO: Sheffield Industries, Inc.; Vantage Securities, Inc. ST: Florida IN: TEX SU:


SM-OS -- NY018 -- 1763 02/24/92 09:39 EST
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Publication:PR Newswire
Date:Feb 24, 1992
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