Aetna Industries, Inc. Announces Consent Solicitation For its 11 7/8% Senior Notes due 2006, Series B

17 November 1999
Aetna Industries, Inc. Announces Consent Solicitation For its 11 7/8% Senior Notes due 2006, Series B
    CENTERLINE, Mich., Nov. 17 -- Aetna Industries, Inc.
("Aetna") today announced that it has commenced a consent solicitation
relating to its $85.0 million outstanding principal amount of 11 7/8% Senior
Notes due 2006, Series B (the "Notes").
    Consents to a proposed amendment to and waiver of certain provisions of
the indenture governing the Notes are being solicited.  This amendment would
suspend the obligation of Aetna and its parent, Trianon Industries Corp.
("Trianon") to report under the requirements of Sections 13 and 15(d) of the
Securities Exchange Act of 1934 until May 1, 2001, and modify the type and
amount of information which Trianon and Aetna must provide to certain groups
until such date.  The waiver would waive certain past non-monetary defaults by
Trianon.  None of the maturity date, payment provisions, interest rate,
redemption provisions or other similar terms of the Notes will be amended as a
result of the amendment or waiver.  Adoption of the proposed amendment and
proposed waiver requires the consent of holders of at least a majority of the
outstanding Notes.
    Holders whose properly executed consents are received (and not revoked)
prior to the expiration date will receive a consent payment of $50 per $1,000
principal amount of Notes.  The expiration date is 5 p.m., New York City time
on November 29, 1999, unless otherwise extended by the Company.
    Banc One Capital Markets, Inc., is acting as the solicitation agent for
the consent solicitation.  The note depositary for the consent solicitation is
Norwest Bank Minnesota National Association.
    The consent solicitation is made pursuant to a Consent Solicitation
Statement dated November 17, 1999 and the related Consent Letter, which more
fully set forth the terms of the consent solicitation.
    Additional information concerning the consent solicitation may be obtained
from Banc One Capital Markets, Inc., High Yield Capital Markets, at
800-336-3533.  Copies of the Consent Solicitation Statement and related
documents may be obtained from MacKenzie Partners, Inc., the information
agent, at 800-322-2885.