NAUGATUCK, Conn.--(BUSINESS WIRE)--Aug. 31, 1998--The Eastern
Company (AMEX:EML) announced today that it has purchased 35,000 shares
of its own common stock on the open market. This action is consistent
with the Company's long-standing policy of, from time-to-time,
purchasing its own shares for Treasury purposes, as market conditions
warrant. With this purchase, Eastern has bought a total of 215,555
shares of its own common stock since the beginning of 1998.
The Eastern Company manufactures and markets a broad range of
locks, latches, fasteners and other security hardware that meets the
diverse security and safety needs of industrial and commercial
customers. Headquartered in Naugatuck, Conn., the Company has seven
operating locations in the U.S.A., Canada, Mexico and the Pacific Rim.
It has paid consecutive quarterly dividends since 1940.
CONTACT: The Eastern Company
John Dibble, 203/729-2255, ext. 241