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Insilco Holding Co. Sells McKenica Division's Assets and Intellectual Property

16 July 1999

Insilco Holding Co. Sells McKenica Division's Assets and Intellectual Property

    COLUMBUS, Ohio, July 16 -- Insilco Holding Co.
(OTC Bulletin Board: INSL) today reported that it had reached an agreement for
the sale of its McKenica Division's assets and intellectual property to
Jackson, Tennessee-based Mill Masters.  McKenica, a manufacturer of heat
exchanger tube mills and related capital equipment, recorded sales of
$7.1 million in 1998.
    This announcement follows an earlier announcement in May, 1999 in which
Insilco said it would close its McKenica Division in the third quarter of
1999.  McKenica currently employs 50 employees at its Buffalo plant.  While
financial terms of the transaction were not disclosed, the Company reported
that it would record a loss on the closure of the plant, which will be
reflected in second quarter results.
    Inquiries from McKenica's customers, vendors and other business partners
should be directed to Customer Service at Mill Masters, telephone number
901-668-5558.
    Insilco Holding Co., based in suburban Columbus, Ohio, is a diversified
manufacturer of industrial components and a supplier of specialty
publications.  The Company's industrial business units serve the automotive,
electronics, telecommunications and other industrial markets, and its
publishing business serves the school yearbook market.  It had revenues in
1998 of $535.6 million.
    Investor Relations Contact: Stephen Smith, 614-792-0468 or write to
Insilco Holding Co., Investor Relations, 425 Metro Place North, Box 7196,
Dublin, OH 43017 or call Melodye Demastus, Melrose Consulting 614-771-0860.
You may also visit our web site at http://www.insilco.com .