EXHIBIT 99.1

FOR RELEASE: IMMEDIATELY

     FOR ADDITIONAL INFORMATION CONTACT: THOMAS R. PILHOLSKI - 602.652.9600



                       EAGLEPICHER INCORPORATED ANNOUNCES
                           PLAN TO ISSUE $220 MILLION
                              SENIOR NOTES DUE 2013

      PHOENIX, ARIZONA, JULY 21 , 2003 - EaglePicher Incorporated ("EPI"), a
wholly-owned subsidiary of EaglePicher Holdings, Inc. (the "Company"), announced
today that it plans to issue $220 million Senior Notes due 2013. The notes will
be issued in a private placement and are expected to be resold by the initial
purchasers to qualified institutional buyers under Rule 144A and Regulation S of
the Securities Act of 1933. The proceeds from the sale of the notes will be used
to repurchase EPI's outstanding 9 3/8% Senior Subordinated Notes which are
currently the subject of a previously announced cash tender offer.

      The notes to be offered have not been registered under the Securities Act
of 1933 and may not be offered or sold in the United States absent registration
or an applicable exemption from registration requirements. This news release
shall not constitute an offer to sell or a solicitation of an offer to buy such
notes in any jurisdiction in which such offer or sale would be unlawful and is
issued pursuant to Rule 135c under the Securities Act of 1933.

      All of the Company's operations are conducted through EPI and its
subsidiaries. EPI, founded in 1843, is a diversified manufacturer of advanced
technology and industrial products that are used in a diverse group of
industries including the automotive, defense, aerospace, pharmaceutical
services, nuclear energy and food and beverage industries, in addition to other
industrial arenas.

Forward Looking Statements

      This news release contains statements that, to the extent that they are
not recitations of historical fact, constitute "forward-looking statements"
within the meaning of the Private Securities Litigation Reform Act of 1995,
Section 21E of the Securities Exchange Act of 1934. Such forward-looking
information involves risks and uncertainties that could cause actual results to
differ materially from those expressed in any such forward-looking statements.
These risks and uncertainties include, but are not limited to, our ability to
maintain existing relationships with customers, demand for our products, our
ability to successfully implement productivity improvements and/or cost
reduction initiatives; our ability to develop, market and sell new products, our
ability to obtain raw materials, increased government regulation or changing
regulatory policies resulting in higher costs and/or restricting output,
increased price competition, currency fluctuations, general economic conditions,
acquisitions and divestitures, technological developments and changes in the
competitive environment in which we operate, as well as factors discussed in our
filings with the U.S Securities and Exchange Commission.

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July 21, 2003