PROSPECTUS SUPPLEMENT (To Prospectus dated March 25, 1994) 70,981 Shares CBI INDUSTRIES, INC. Common Stock CBI Industries, Inc. (the "Company") is selling directly to the CBI Pension Trust in satisfaction of the Company's funding requirement to the CBI Pension Trust, 70,981 shares of its Common Stock, $2.50 par value per share (the "Common Stock") having an aggregate market value of $2,093,939.50 or $29.50 per share based upon the closing price of the Common Stock on the New York Stock Exchange on September 14, 1994. There is no agent or underwriter involved. THESE SECURITIES HAVE NOT BEEN APPROVED OR DISAPPROVED BY THE SECURITIES AND EXCHANGE COMMISSION OR ANY STATE SECURITIES COMMISSION NOR HAS THE SECURITIES AND EXCHANGE COMMISSION OR ANY STATE SECURITIES COMMISSION PASSED UPON THE ACCURACY OR ADEQUACY OF THIS PROSPECTUS SUPPLEMENT OR ANY SUPPLEMENT HERETO. ANY REPRESENTATION TO THE CONTRARY IS A CRIMINAL OFFENSE. The date of this Prospectus Supplement is September 14, 1994