RNS Number:2590A
Metalrax Group PLC
4 November 1999



#3.32 million acquisition for Metalrax Group

Metalrax Group PLC today announces that it has acquired the entire issued
share capital of Microwise Cookware Limited ("Microwise").

Oxford based Microwise is the UK market leader in microwave cookware. 
Microwise sells its cookware to many leading retailers in the UK and also has
a healthy export business.

The consideration is #3,320,000 paid in cash.

The principal vendor will retire from the business but Mr Charles Harrison
(Managing Director) will continue with the business and has entered into a
service agreement with Microwise for three years after completion.

Existing management of Microwise will remain with the company.

Microwise made a pre-tax profit of #491,000 in the year to 30 June 1999 and
has net assets of #800,000 at the date of completion.

The acquisition of Microwise will extend the product range and customer base
of the Metalrax Housewares Division.

There are excellent opportunities for synergies in this acquisition including
using the group's facilities to handle the products for Microwise.  Metalrax
is able to introduce Microwise to large potential customers in the UK and
Metalrax Housewares Division export coverage should show substantial benefits
in overseas sales.  In addition Metalrax companies in the USA will assist
Microwise with their North American penetration.



Further information:
Mr Eric Moore, chairman
Telephone: 0121-433 3444

END
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