Summa Lists Prime Real Estate for Sale

Summa Lists Prime Real Estate for Sale 


TORRANCE, Calif., March 3  /PRNewswire-FirstCall/ -- Summa Industries
(NASDAQ:SUMX) announces that it has commenced marketing of a prime parcel of
real estate (the "Michigan parcel").  The site comprises approximately 13.6
acres of land, including almost 1,700 linear feet of shoreline on Lake
Michigan, in Charlevoix, MI.  Charlevoix is a popular tourist community and a
center of cultural activities in northern Michigan.  The Michigan parcel is
expected to generate a great deal of interest due to its potential for
residential or commercial redevelopment.  Preliminary proposals are expected to
be received from bidders in April.

As previously announced, Summa plans to sell several parcels of real estate
which have or will become excess, primarily as a result of several
consolidation and restructuring initiatives.  Summa estimates that the sales
could result in a book gain of $5 to $9 million and generate cash, net of
taxes, of $9 to $14 million.  The parcels will be offered for sale separately
and the timing of each sale is uncertain.  One small parcel in Illinois was
sold in January 2005 for approximately $1 million.  The Michigan parcel is
believed to be the most valuable of the parcels to be offered for sale.
Maximizing the sale price for the Michigan parcel will likely require rezoning
and other approvals by government agencies, as the site is currently used for
manufacturing.  Summa has adequate alternative manufacturing facilities in the
vicinity of the site offered for sale.

For further information about this property, contact CB Richard Ellis at
616-831-2200.

Summa Industries manufactures proprietary engineered plastic products for a
broad spectrum of industrial and commercial markets.

Statements in this news release which relate to future plans, financial results
or projections, events or performance are forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933, as amended, and Section
21E of the Securities Exchange Act of 1934, as amended, and fall under the safe
harbor.  These forward-looking statements include, but are not limited to,
statements regarding the potential sale of real estate and the adequacy of
near-by Company facilities.  There is no certainty that adequate offers will be
received to purchase the real estate, and the timing of any such sale is also
uncertain.  Actual results could differ materially from those anticipated in
the forward-looking statements as a result of a number of factors, including,
but not limited to lack of success and/or high costs in obtaining government
approvals, changes in the market for real estate developments, a decision by
the Company to retain the property, changes in the cost and availability of
funds and other risks and uncertainties described in detail under "Risk
Factors" in Summa's Annual Report on Form 10-K for the fiscal year ended August
31, 2004.

For further information, contact James R. Swartwout, [phone]; fax (310)
792-7079; ; or http://www.summaindustries.com/. 

DATASOURCE: Summa Industries



CONTACT:  James R. Swartwout of Summa Industries, [phone], or

fax, [phone], 



Web site:  http://www.summaindustries.com/ 

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