SECURITIES AND EXCHANGE COMMISSION
                  Washington, D.C.   20549
                              
                          FORM 8-K
                              
      Current Report Pursuant to Section 13 or 15(d) of
                 The Securities Act of 1934



Date of Report (Date of earliest event reported) March 22,
1999



                   Jordan Industries, Inc.
   (Exact name of registrant as specified in its charter)


     Illinois                  33-24317             36-3598114
(State or other               (Commission         (I.R.S. Employer
  Jurisdiction)                File Number)       Identification No.)



     ArborLake Centre, Suite 550
     1751 Lake Cook Road, Deerfield, IL                 60015
    (Address of Principal Executive Offices)          (Zip Code)



Registrant's telephone number, including area code  (847) 945-5591
                              



                              
                           PAGE 2
                              
                              
                              
Item 2.   Acquisition or disposition of assets


      On March 22, 1999, the Company purchased Alma Products
("Alma")  for  $86.3  million.  Alma is comprised  of  three
primary  business segments: (i) high quality  remanufactured
torque  converters used to supply warranty replacements  for
automotive transmissions originally sold to Ford,  Chrysler,
John Deere and Caterpillar, (ii) new and remanufactured  air
conditioning compressors for original equipment manufactures
including  Ford, Chrysler and General Motors, and (iii)  new
and  remanufactured  clutch  and  disc  assemblies  used  in
standard transmissions sold primarily to Ford.  The purchase
price  of $86.3 million is made up of cash of $84.0  million
and  a $2.3 million assumption of a long-term liability  for
retiree healthcare benefits.

      For the fiscal year ended December 31, 1998, Alma  had
net sales of $73.5 million and EBITDA of $14.0 million.


Item 7.   Financial Statements and Exhibits

(a)  Financial Statements

It  is  not  practicable to provide the  required  financial
statements  for  the acquired business at  this  time.   The
required  financial statements will be filed no  later  than
sixty (60) days following the filing of this report.

(b)  Pro Forma Financial Information

The  pro forma financial information will be filed no  later
than sixty (60) days following the filing of this report.

(c)  Exhibits
     
     2.  (a)   Asset purchase agreement between Alma  Piston
               Company and Alma  Products  Holdings,  Inc.
               dated as of February 26, 1999.
     
     Certain   exhibits  and  schedules  to  the  agreements
     referred  to  in the item 2(a) have not been  included;
     they  will be furnished supplementally if requested  by
     the Commission.
     
          
     
     



                           PAGE 3
                              
                              
                         SIGNATURES
                              
                              
Pursuant to the requirements of the Securities Exchange Act
of 1934, the registrant has duly caused this report to be
signed on its behalf by the undersigned thereunto duly
authorized.

                                   JORDAN INDUSTRIES, INC.


March 31, 1999                     By /s/ Thomas C.Spielberger
                                          Thomas C.Spielberger
                                          Senior Vice President
                                          Finance and Accounting
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{"company-data": {"conformed-name": "JORDAN INDUSTRIES INC", "cik": "0000839484", "assigned-sic": "2750", "irs-number": "363598114", "state-of-incorporation": "IL", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "033-24317", "film-number": "99584997"}, "business-address": {"street1": "ARBORLAKE CENTRE STE 550", "street2": "1751 LAKE COOK RD", "city": "DEERFIELD", "state": "IL", "zip": "60015", "phone": "7089455591"}, "mail-address": {"street1": "1751 LAKE COOK ROAD", "street2": "SUITE 550", "city": "DEERFIELD", "state": "IL", "zip": "60015"}}
SECURITIES AND EXCHANGE COMMISSION
                  Washington, D.C.   20549
                              
                          FORM 8-K
                              
      Current Report Pursuant to Section 13 or 15(d) of
                 The Securities Act of 1934

Date of Report (Date of earliest event reported) March 22,
1999

                   Jordan Industries, Inc.
   (Exact name of registrant as specified in its charter)

     Illinois                  33-24317             36-3598114
(State or other               (Commission         (I.R.S. Employer
  Jurisdiction)                File Number)       Identification No.)

     ArborLake Centre, Suite 550
     1751 Lake Cook Road, Deerfield, IL                 60015
    (Address of Principal Executive Offices)          (Zip Code)

Registrant's telephone number, including area code  (847) 945-5591
                              

                              
                           PAGE 2
                              
                              
                              
Item 2.   Acquisition or disposition of assets

      On March 22, 1999, the Company purchased Alma Products
("Alma")  for  $86.3  million.  Alma is comprised  of  three
primary  business segments: (i) high quality  remanufactured
torque  converters used to supply warranty replacements  for
automotive transmissions originally sold to Ford,  Chrysler,
John Deere and Caterpillar, (ii) new and remanufactured  air
conditioning compressors for original equipment manufactures
including  Ford, Chrysler and General Motors, and (iii)  new
and  remanufactured  clutch  and  disc  assemblies  used  in
standard transmissions sold primarily to Ford.  The purchase
price  of $86.3 million is made up of cash of $84.0  million
and  a $2.3 million assumption of a long-term liability  for
retiree healthcare benefits.

      For the fiscal year ended December 31, 1998, Alma  had
net sales of $73.5 million and EBITDA of $14.0 million.

Item 7.   Financial Statements and Exhibits

(a)  Financial Statements

It  is  not  practicable to provide the  required  financial
statements  for  the acquired business at  this  time.   The
required  financial statements will be filed no  later  than
sixty (60) days following the filing of this report.

(b)  Pro Forma Financial Information

The  pro forma financial information will be filed no  later
than sixty (60) days following the filing of this report.

(c)  Exhibits
     
     2.  (a)   Asset purchase agreement between Alma  Piston
               Company and Alma  Products  Holdings,  Inc.
               dated as of February 26, 1999.
     
     Certain   exhibits  and  schedules  to  the  agreements
     referred  to  in the item 2(a) have not been  included;
     they  will be furnished supplementally if requested  by
     the Commission.
     
          
     
     

                           PAGE 3
                              
                              
                         SIGNATURES
                              
                              
Pursuant to the requirements of the Securities Exchange Act
of 1934, the registrant has duly caused this report to be
signed on its behalf by the undersigned thereunto duly
authorized.

                                   JORDAN INDUSTRIES, INC.

March 31, 1999                     By /s/ Thomas C.Spielberger
                                          Thomas C.Spielberger
                                          Senior Vice President
                                          Finance and Accounting