EXHIBIT 99.1

For Immediate Release

Investor Contact:                 Barb Gould (216) 589-4085
Media Contact:                    Andy Opila (216) 589-4018

American Industrial Partners Contact:  Larry Ward (415) 788-7354


M.A. HANNA SIGNS AGREEMENT TO SELL DAY INTERNATIONAL, INC.

      Cleveland (April 12, 1995) ... M.A. Hanna Company (NYSE/CHX:MAH),
an international specialty chemicals company, has entered into an
agreement to sell its Day International, Inc. business to American
Industrial Partners Capital Fund.  The agreement is contingent on
American Industrial Partners securing financing and regulatory and other
approvals.

      Day International, with 1994 sales of $100 million, produces
highly engineered printing blankets used on offset printing presses to
transfer ink from the printing plate to substrates, like paper, and
consumable parts used by textile mills in the production of yarns and
fabrics.  It has manufacturing facilities in Asheville, North Carolina;
Three Rivers, Michigan; Dundee, Scotland; and Lerma, Mexico.  All are
ISO registered.

      Terms of the agreement -- which is expected to close in the next
90 days -- were not disclosed.

HANNA SIGNS AGREEMENT TO SELL DAY INTERNATIONAL -- 2

"We purchase well-run, profitable businesses which are leaders in their
fields.  Our philosophy and focus are on internal improvements and
growth," said Burnell H. Roberts, former Chief Executive Officer and
Chairman of Mead and a partner of American Industrial Partners.  "Day
International is a technology and market leader in the United States.
We are interested in helping them maintain and improve their position in
the United States and expand in Europe and Asia."

      M.A. Hanna Chairman and Chief Executive Officer Martin D. Walker
said, "We believe that the customers and associates of Day International
will be well served with the company in the hands of an owner focused on
strengthening Day's presence in the printing and textiles industries.
The M.A. Hanna shareholders will benefit from the opportunity to
reinvest the proceeds from Day into Hanna's higher growth core polymer
businesses."

      Based in San Francisco and New York, American Industrial Partners
directs an equity fund of over $500 million.  The firm's partners
include a number of former chief executive officers of leading public
companies.  Investments are focused on companies with strong operating
management, reliable cash flow and significant market shares.  The firm
has extensive knowledge of the rubber and graphic arts supply
industries.

M.A. HANNA SIGNS AGREEMENT TO SELL DAY INTERNATIONAL -- 3

      Based in Cleveland, M.A. Hanna's primary businesses are plastics
and rubber compounding, color and additive concentrates, and
distribution of resins and engineered plastic shapes.