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WAXMAN INDUSTRIES, INC. FILES FOR OFFERING OF COMMON STOCK

 WAXMAN INDUSTRIES, INC. FILES FOR
 OFFERING OF COMMON STOCK
 BEDFORD HEIGHTS, Ohio, March 27 /PRNewswire/ -- Waxman Industries, Inc. (NYSE: WAX) today announced it has filed a Registration Statement with the Securities and Exchange Commission relating to the proposed public offering of 3,000,000 shares of Common Stock. The managing underwriters of the offering will be Kidder, Peabody & Co. Incorporated and PaineWebber Incorporated. The net proceeds of the offering will be used to reduce outstanding domestic indebtedness.
 Waxman Industries, Inc. is a leading supplier to the home repair and remodeling market in the United States and Canada. In the U.S., the Company's plumbing, electrical and hardware products are sold primarily to home improvement centers, warehouse home centers, mass merchandisers, hardware stores, lumber yards and, through its Mail Order/Telemarketing Group, to more than 30,000 independent retailers, contractors and locksmiths. The Company assembles, packages and markets many of these products under its proprietary trade names. In Canada, the Company is one of the largest suppliers of plumbing and heating products, serving approximately 10,000 customers across Canada, including repair and remodeling contractors, residential and commercial construction contractors and retailers.
 A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell nor the solicitation of an offer to buy, nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities law of any such state.
 -0- 3/27/92
 /CONTACT: Jerome Jacques of Waxman Industries, Inc., 216-439-1830; or Pat Gallagher of Edward Howard & Co., 216-781-2400, for Waxman Industries, Inc./
 (WAX) CO: Waxman Industries, Inc. ST: Ohio IN: SU: OFR


KK -- CL004 -- 2265 03/27/92 09:29 EST
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Publication:PR Newswire
Date:Mar 27, 1992
Words:330
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