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Proc-Type: 2001,MIC-CLEAR
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<SEC-DOCUMENT>0000314865-96-000004.txt : 19960205
<SEC-HEADER>0000314865-96-000004.hdr.sgml : 19960205
ACCESSION NUMBER:		0000314865-96-000004
CONFORMED SUBMISSION TYPE:	8-K/A
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	19951004
ITEM INFORMATION:		Acquisition or disposition of assets
FILED AS OF DATE:		19960202
SROS:			NASD

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SPINNAKER INDUSTRIES INC
		CENTRAL INDEX KEY:			0000314865
		STANDARD INDUSTRIAL CLASSIFICATION:	GENERAL INDUSTRIAL MACHINERY & EQUIPMENT, NEC [3569]
		IRS NUMBER:				752493518
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K/A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	002-66564
		FILM NUMBER:		96510613

	BUSINESS ADDRESS:	
		STREET 1:		600 N PEARL STREET SUITE 2160
		STREET 2:		C/O SPINNAKER INDUSTRIES INC
		CITY:			DALLAS
		STATE:			TX
		ZIP:			75201
		BUSINESS PHONE:		2147893230

	MAIL ADDRESS:	
		STREET 2:		600 N PEARL STREET SUITE 2160
		CITY:			DALLAS
		STATE:			TX
		ZIP:			75201

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	SAFETY RAILWAY SERVICE CORP
		DATE OF NAME CHANGE:	19920703
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K/A
<SEQUENCE>1
<TEXT>


                SECURITIES AND EXCHANGE COMMISSION

                      Washington, D.C. 20549


                          FORM 8-K/A(3)


              Pursuant to Section 13 or 15(d) of the
                 Securities Exchange Act of 1934


Date of Report (Date of earliest event reported)      October 4, 1995        
 

                            SPINNAKER INDUSTRIES, INC.                       
  

                Delaware               0-9559                      06-0544125 
 (State or other jurisdiction         (Commission                (IRS Employer 
      of Corporation)                file Number)          Identification No.)


               600 N. Pearl St., Suite 2160, Dallas Texas 75201              
        (Address of principal executive offices)                (Zip Code)


Registrant's telephone number, including area code:    (214) 855-0322         


  (Former name or former address, if changed since last report)

<PAGE>
Item 2.   Acquisition or Disposition of Assets


     Reference is made to Item 2 of the Form 8-K of Registrant and in
particular to the description of the Spinnaker Subordinated Note issued to
ALCO, the Conversion Documents including the Put Agreements and Registrant's
obligations with respect thereto.  ALCO has exercised its rights under the
Put Agreements to sell the subordinated debt back to Registrant, and
pursuant to an agreement with Alco the closing is now scheduled for mid-
February 1996.


<PAGE>
     Pursuant to the requirements of the Securities Exchange Act of 1934,
the Registrant has duly caused the Agreement to be signed on behalf by the
undersigned, thereunto duly authorized.


                                        SPINNAKER INDUSTRIES, INC.   

                                        (Registrant)


                                        By:s/James W. Toman          
                                             James W. Toman
                                             Controller


Date: February 2, 1996     
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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