Unifrax Corporation

Proposed Ticker: FRAX		2351 Whirlpool Street
Exchange: NASDAQ-National Market		Niagara Falls, New York 14302
Industry: Manufacturing		(716) 278-3800

All share information is proposed
Type of Shares:	Common Shares	Filing Date:	4/22/96
U.S. Shares Filed:	8,000,000	Filing Range:	$12.00 - $14.00
Non-U.S. Shares Filed:	0	Offering Amount:	$104,000,000
Primary Shares:	0	Expenses:	-
Secondary Shares:	8,000,000	Shs Out After:	8,000,000
Spin out parent firm:	British Petroleum

Manager	Tier	Phone
CS First Boston	Lead Manager	(212) 909-3312
Schroder Wertheim & Company, Incorporated	Co-manager	(212) 492-6900

	Audited Income	Latest Unaudited Income	Prior Unaudited Income		Balance Sheet
	12/31/95	3/31/96	3/31/95		3/31/96
Revenue:	$84.06	$21.58	$21.38	Assets:	$59.51
Net Income:	$12.41	$3.00	$2.77	Liabilities:	$21.30
EPS:				Equity:	$38.21
Note: Dollar amounts are in U.S. millions; Audited figures expressed as full year, unaudited figures are partial year

Business Description

The company manufactures ceramic fiber for use as a substitute for traditional hard brick refractories and other insulating materials. Historically, the company's sales growth has been driven by several factors, including the use of ceramic fiber as a lower cost or higher performance substitute for traditional hard brick refractories and other insulating materials, the introduction of new ceramic fiber product applications, and the general economic expansion of primary ceramic fiber markets. During the four-year period ended December 31, 1995, the company's net sales and income before income taxes have increased at a compound rate of approximately 12% and 35%, respectively. The growth rate in income before income taxes has exceeded the growth rate in net sales during this period due to higher profit margins resulting from several factors.

Use of Proceeds

The proceeds from the proposed offering will be used be distributed to selling shareholders.

Last updated: 10/28/96