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MascoTech Announces Transfer of Emco Limited Equity to Masco Corporation

30 September 1997

MascoTech Announces Transfer of Emco Limited Equity to Masco Corporation

    TAYLOR, Mich., Sept. 30 -- MascoTech announced
today that it has exercised its option to transfer its equity holdings in
Emco Limited to Masco Corporation .  This transfer and a payment of
approximately $50 million in cash, satisfies the indebtedness to Masco
Corporation incurred last year in connection with the Company's purchase and
retirement of certain of its common shares held by Masco Corporation, as
previously announced.  The transfer of the Company's equity holdings in Emco,
which approximates $100 million in value, will result in a pre-tax gain to
MascoTech of approximately $46 million in the third quarter of 1997.
    Headquartered in Taylor, Michigan, MascoTech's transportation-related
businesses include metal-worked components primarily for vehicle engine and
drivetrain applications and automotive aftermarket products.
     Visit MascoTech's website at http://www.mascotech.com.

SOURCE  MascoTech