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Defiance, Inc. Announces Expanded Share Repurchase Program

24 October 1997

Defiance, Inc. Announces Expanded Share Repurchase Program

    CLEVELAND, Oct. 24 -- Defiance, Inc. announced
today that its board of directors authorized the repurchase of an additional
500,000 shares of the Company's outstanding common stock.  Under the
three-year share repurchase program adopted in January 1996, the Company has
purchased 864,100 shares of the 1,000,000 shares authorized.  The Company
currently has 6,059,896 common shares outstanding.
    The Company will make the purchases from time to time in the open market.
Shares purchased will be held as Treasury Stock.
    Defiance, headquartered in Cleveland, is a supplier of tooling systems,
testing services, and specialty anti-friction bearings and precision-machined
products to the U.S. motor vehicle industry.

SOURCE  Defiance, Inc.