SPARTECH (SEH) - AN UNDISCOVERED GEM Message Board

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Non-Tech : SPARTECH (SEH) - AN UNDISCOVERED GEM

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To: Paul B. who wrote (6)	11/4/1997 2:29:00 PM
From: jane smith	Read Replies (1) of 66

More news on Spartech: Tuesday November 4 8:14 AM EST Company Press Release TCW to Sell its 18.7% Stake in Spartech Corp. NEW YORK, Nov. 4 /PRNewswire/ -- TCW Capital, an affiliate of the Trust Company of the West, announced today that it has retained Wasserstein Perella & Co. of New York to find a buyer for its common stock ownership of Spartech Corporation (NYSE:SEH). TCW Capital, through its investment funds, owns a block of 4.95 million shares, or approximately 18.7% of the outstanding shares of Spartech. A spokesman for TCW Capital said, ''TCW Capital has been a stockholder of Spartech since 1985, and because our investment funds are reaching maturity, certain investments, including Spartech, have to be liquidated. Spartech has proven to be an excellent investment for us. The company has delivered solid and consistent results, has a first class management team in place and has excellent prospects.''

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