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UNR INDUSTRIES CONCLUDES FINAL SETTLEMENT WITH INSURER FOR $15 MILLION

UNR INDUSTRIES CONCLUDES FINAL SETTLEMENT WITH INSURER FOR $15 MILLION
 CHICAGO, June 25 /PRNewswire/ -- Gene Locks, chairman, announced that Chicago-based UNR Industries, Inc. (NASDAQ-NMS: UNRI; MSE) has reached a settlement with the last remaining insurance coverage lawsuit filed in 1983. Under the terms of the settlement agreement, Continental Casualty Company will pay $15 million to UNR over a period of three years. All payments will be made to UNR, and are scheduled to begin July 1, 1992.
 UNR's settlement with Continental Casualty Company marks the conclusion of insurance coverage litigation that was initiated in 1983, during UNR's reorganization proceeding.
 UNR Industries, Inc. is a diversified company producing welded steel tubing, shopping carts, stainless steel sinks, towers for communication and other uses, and material handling products and systems. It also is a distributor of rail and track accessories and products for the cable television industry.
 -0- 6/25/92
 /CONTACT: Michel Y. Horton, 310-788-1295, for UNR Industries, Inc./
 (UNRI) CO: UNR Industries, Inc. ST: Illinois IN: SU:


JG -- DE020 -- 3800 06/25/92 13:07 EDT
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Publication:PR Newswire
Date:Jun 25, 1992
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