Exhibit 99.2


                    FOR IMMEDIATE RELEASE


         East  Boston,  Massachusetts,  December  7,  1995 -  Leonard
Florence, Chairman  of the Board and  Chief  Executive  Officer  of
Syratech  Corporation (NYSE:SYR),  and  Marshall A. Rauch,  Chairman of
the Board and Chief  Executive Officer of Rauch Industries, Inc.
(ASE:RCH) announced today that their companies had entered  into an
agreement  and plan of merger  pursuant to which Rauch will become a
wholly-owned  subsidiary of Syratech and the present  shareholders  of
Rauch will  receive $13 a share in cash for each share of Rauch common
stock now owned by them.  The merger  consideration  represents  a
premium of 35% over the closing price of Rauch Common Stock on December
6, 1995.

         A Special  Committee  of the  Board of  Directors  of Rauch,
which was appointed to consider the  transaction,  has received the
opinion of Wasserstein Perella & Co., Inc., its financial advisor, that,
subject to the assumptions and limitations set forth in such opinion,
the $13.00 per share cash  consideration to be received by the
shareholders of Rauch pursuant to the merger is fair from a financial
point of view to such  shareholders.

         The  transaction  is subject to  approval  of the Plan of
Merger by the shareholders  of Rauch and to the  receipt  of  necessary
clearances  under the Hart-Scott-Rodino  Antitrust  Improvements  Act of
1976. It is expected that the Plan of Merger will be voted upon by
Rauch's shareholders (and if approved, that the acquisition will be
completed) by mid- February,  1996.

         Mr.   Florence  and  Mr.  Rauch  both  expressed   enthusiasm
for  the transaction and the

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hope that it would be concluded  quickly.  Mr.  Florence noted that
Syratech has already  expanded  greatly its Holiday  Workshop  line,
which Syratech plans to blend  with the  Rauch  lines of  Christmas
decorations.  Mr.  Rauch,  in turn, expressed  the view that the
combination  of the two  companies'  holiday lines based,  as planned,
at Rauch  headquarters,  coupled with access to  Syratech's formidable
distribution  capacity,  would provide  enhanced  opportunities  for
holiday  marketing  and be a boost for the economies  for those
communities  in which Rauch now has facilities. The  affirmative  vote
of holders of a majority of Rauch's  outstanding common stock is needed
for approval of the Plan of Merger. Mr. Rauch and members of his
immediate family own in excess of 50% of the outstanding  common stock
of Rauch. Syratech is a leading  producer  and  distributor  of sterling
silver flatware,  sterling and plated holloware and a wide variety of
tabletop and gift items. Rauch is the leading domestic producer of
Christmas ornaments.


Contacts:

Leonard Florence
Chairman and Chief Executive
  Officer
Syratech Corporation
617-561-2211

Marshall A. Rauch
Chairman and Chief Executive
  Officer
Rauch Industries, Inc.
704-867-5333

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