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VOPLEX CORPORATION EMERGES FROM BANKRUPTCY PROTECTION

 DEARBORN, Mich., Feb. 2 /PRNewswire/ -- Voplex Corporation emerged from Chapter 11 bankruptcy protection in Federal Bankruptcy Court last Friday, announced Richard S. Crawford, company president and chief executive officer.
 The company, formerly a publicly traded corporation (AMEX: VOT), first filed for bankruptcy protection on Dec. 4, 1991. Since the initial filing, the company has been acquired and taken private by Dearborn, Mich.-based Cambridge Industries. Cambridge Industries is a private, closely held company owned by Richard S. Crawford, Richard E. Warnick and John D. Craft.
 Cambridge Industries also operates Dearborn-based Wolf Engineering Corp., which manufactures functional, high-precision plastic components and assemblies for the automotive industry.
 "Our resurgence as a revitalized company is due, in large part, to the support and confidence of both our customers and employees," said Crawford. "They've seen us through a difficult time and have had tremendous faith in our management team's abilities. Because of their confidence and support, we have a strong foundation, and are a stronger, leaner, more-focused company."
 Crawford said that the company will concentrate on utilizing the talents of its employees to best meet the needs of its customers. Those talents, coupled with the management team's combined 375 years' experience in meeting the challenges of the automotive plastics industry, as well as a number of innovative, new technologies and processes, are expected to help return the company to profitability.
 Dearborn, Mich.-based Voplex Corporation supplies the North American automotive industry with a broad range of interior systems and components. The company, a subsidiary of privately held Cambridge Industries, has been supplying products to the worldwide transportation industry for 119 years.
 In addition to Voplex Corporation, Cambridge Industries, located in Dearborn, Mich., also operates Wolf Engineering, a Dearborn manufacturer of dies, molds and plastic components and Voplex-Happich Corporation, which manufactures a variety of automotive exterior components and trim. Combined sales of the companies was more than $100 million in 1992.
 -0- 2/2/93
 /CONTACT: Peter Herrmann of Voplex Corporation, 313-584-2850/


CO: Voplex Corporation; Cambridge Industries ST: Michigan IN: AUT SU: BCY

JG -- DE024 -- 2111 02/02/93 17:40 EST
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Publication:PR Newswire
Date:Feb 2, 1993
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