FORM 10-Q

                          UNITED STATES
               SECURITIES AND EXCHANGE COMMISSION
                     Washington, D.C.  20549


[X]  QUARTERLY  REPORT PURSUANT TO SECTION 13  OR  15(d)  OF  THE
     SECURITIES EXCHANGE  ACT OF 1934

For the quarterly period ended June 30, 1999

                               OR

[  ] TRANSITION  REPORT PURSUANT TO SECTION 13 OR  15(d)  OF  THE
     SECURITIES EXCHANGE ACT OF 1934

For the transition period from              to

Commission file number:  0-20704

                     ACX TECHNOLOGIES, INC.
     (Exact name of registrant as specified in its charter)

           Colorado                          84-1208699
(State or other jurisdiction of           (I.R.S. Employer
incorporation or organization)           Identification No.)

 16000 Table Mountain Parkway,  Golden, Colorado    80403
     (Address of principal executive offices)     (Zip Code)

                         (303) 271-7000
      (Registrant's telephone number, including area code)

Indicate  by check mark whether the registrant (1) has filed  all
reports  required  to be filed by Section  13  or  15(d)  of  the
Securities  Exchange Act of 1934 during the preceding  12  months
(or  for such shorter period that the registrant was required  to
file  such  reports),  and (2) has been subject  to  such  filing
requirements for the past 90 days.

                Yes [X]                    No [  ]

There  were 28,451,804 shares of common stock outstanding  as  of
July 23, 1999.


                 PART I.  FINANCIAL INFORMATION

Item 1.  Financial Statements


                       ACX TECHNOLOGIES, INC.
                    CONSOLIDATED INCOME STATEMENT
                (In thousands, except per share data)


                             Three months ended      Six months ended
                                  June 30,               June 30,
                             -------------------   -------------------
                               1999       1998       1999        1998
                             --------   --------   --------   --------
Net sales                    $259,006   $257,326   $501,561   $494,059

  Cost of goods sold          203,918    204,334    397,964    392,399
                             --------   --------   --------   --------
Gross profit                   55,088     52,992    103,597    101,660

  Selling, general and
    administrative             31,461     27,086     58,536     54,956
  Asset impairment charges        ---       ---        ---       7,238
                             --------   --------   --------   --------
Operating income               23,627     25,906     45,061     39,466

Other income (expense) - net      (77)       207         16         60
Interest expense - net         (5,388)    (5,258)   (10,597)    (9,632)
                             --------   --------   --------   --------
Income before income taxes     18,162     20,855     34,480     29,894

Income tax expense              6,900      8,300     13,500     11,900
                             --------   --------   --------   --------
Net income                    $11,262    $12,555    $20,980    $17,994
                             ========   ========   ========   ========

Comprehensive income          $12,260    $10,565    $21,781    $16,280
                             ========   ========   ========   ========

Net income per basic share      $0.40      $0.44      $0.74      $0.63
                             ========   ========   ========   ========

Net income per diluted share    $0.39      $0.43      $0.73      $0.62
                             ========   ========   ========   ========

Weighted average shares
  outstanding - basic          28,443     28,552     28,435     28,489
                             ========   ========   ========   ========

Weighted average shares
  outstanding - diluted        28,748     29,222     28,734     29,179
                             ========   ========   ========   ========

See Notes to Consolidated Financial Statements.



                      ACX TECHNOLOGIES, INC.
                    CONSOLIDATED BALANCE SHEET
                 (In thousands, except share data)

                                          June 30,    	 December 31,
                                            1999            1998
                                         ----------      ------------
ASSETS
Current assets:
  Cash and cash equivalents                 $37,321         $26,196
  Accounts receivable                       107,549          92,763
  Inventories
     Finished                                67,002          62,484
     In process                              43,195          37,458
     Raw materials                           43,188          48,610
                                         ----------       ---------
Total inventories                           153,385         148,552
  Notes receivable                           60,423          60,568
  Other assets                               35,730          30,076
                                         ----------       ---------
    Total current assets                    394,408         358,155

Properties at cost less accumulated
  depreciation of $331,109 in 1999
  and $286,204 in 1998                      400,423         373,691
Goodwill, net                               227,645         206,583
Other assets                                 24,469          22,776
                                         ----------       ---------
Total assets                             $1,046,945        $961,205
                                         ==========       =========

LIABILITIES AND SHAREHOLDERS' EQUITY

Current maturities of long-term debt        $85,929         $86,300
Other current liabilities                   140,356         119,311
                                         ----------       ---------
    Total current liabilities               226,285         205,611

Long-term debt                              277,071         233,000
Other long-term liabilities                  60,156          61,260
                                         ----------       ---------
    Total liabilities                       563,512         499,871
Minority interest                            13,169          13,379

Shareholders' equity
Preferred stock, nonvoting, $0.01 par
  value, 20,000,000 shares authorized
  and no shares issued or outstanding           ---             ---
Common stock, $0.01 par value
  100,000,000 shares authorized
  and 28,448,612 and 28,373,000 issued
  and outstanding at June 30, 1999,
  and December 31, 1998                         284             284
Paid-in capital                             452,020         451,401
Retained earnings                            22,690           1,710
Accumulated other comprehensive loss         (4,730)         (5,440)
                                         ----------       ---------
    Total shareholders' equity              470,264         447,955
                                         ----------       ---------
Total liabilities and shareholders'
  equity                                 $1,046,945        $961,205
                                         ==========       =========

See Notes to Consolidated Financial Statements.



                    ACX TECHNOLOGIES, INC.
             CONSOLIDATED STATEMENT OF CASH FLOWS
                        (In thousands)

                                         Six months ended
                                              June 30,
                                      ---------------------
                                        1999          1998
                                      --------     --------
Cash flows from operating
  activities:
  Net income                           $20,980      $17,994
  Adjustments to reconcile net
    income to net cash provided
    by operating activities:
      Asset impairment charges             ---        7,238
      Depreciation and amortization     30,049       28,713
      Change in current assets and
        current liabilities and other    4,278      (22,660)
                                      --------     --------
Net cash provided by operating
  activities                            55,307       31,285

Cash flows from investing
  activities:
      Capital expenditures             (37,513)     (36,993)
      Acquisitions, net of cash
        acquired                       (55,008)    (293,394)
      Proceeds from sale of Britton
        Plastics                           ---      126,642
      Other                              4,076       (2,838)
                                      --------     --------
Net cash used in investing
  activities                           (88,445)    (206,583)

Cash flows from financing
  activities:
      Proceeds from the issuance of
        debt                            53,763      161,528
      Repayment of debt                 (9,500)         ---
                                      --------     --------
Net cash provided by financing
  activities                            44,263      161,528

Cash and cash equivalents:
  Net increase (decrease) in cash
     and cash equivalents               11,125      (13,770)
  Balance at beginning of period        26,196       49,355
                                      --------     --------
  Balance at end of period             $37,321      $35,585
                                      ========     ========

See Notes to Consolidated Financial Statements.



             ACX TECHNOLOGIES, INC. AND SUBSIDIARIES
           NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

Note 1.  1999 Acquisitions

     On  April  25,  1999, the Company entered into a  definitive
purchase  agreement with Fort James Corporation (Fort  James)  to
acquire the net assets of Fort James' folding carton business for
$830  million in cash.  The folding carton business of Fort James
is  a  major  supplier  of folding cartons  to  leading  consumer
product  companies.   The Fort James folding carton  business  is
comprised  of  12  carton plants and a recycled paperboard  mill.
The  Boards of Directors of both the Company and Fort James  have
approved  the  agreement.  The Company  expects  to  finance  the
acquisition with a combination of short-term and long-term credit
facilities  with Bank of America and to close the transaction  in
early August.

     On  March  12, 1999, the Company acquired the net assets  of
Precision Technologies (Precision) for approximately $22  million
in  cash  and 300,000 warrants to receive shares of the Company's
common stock at an exercise price equal to the fair market  value
at  the  date  of  closing.  These warrants vest  only  upon  the
achievement  of  certain revenue goals within three  years.   The
Precision  acquisition has been accounted for under the  purchase
method.   Accordingly, the excess of the purchase price over  the
fair value of net assets acquired of approximately $19 million is
being  amortized using the straight-line method  over  20  years.
Precision,   located   in  Livermore,  California,   manufactures
precision-machined  parts  for the  semiconductor,  medical,  and
aircraft industries.

       On  March  1,  1999,  the  Company  acquired  all  of  the
outstanding   shares   of  Edwards  Enterprises   (Edwards)   for
approximately  $18 million in cash.  The Edwards acquisition  has
been  accounted for under the purchase method.  Accordingly,  the
excess  of  the purchase price over the fair value of net  assets
acquired of approximately $4 million is being amortized using the
straight-line method over 20 years.  Edwards, located in  Newark,
California,   manufactures  precision-machined  parts   for   the
semiconductor industry.


Note 2.  Asset Impairment Charges

     During the first quarter of 1998, the Company recorded  $7.2
million  in  asset impairment charges at Coors Ceramics  and  the
Solar Electric business unit.

     Coors Ceramics recorded a $6.2 million charge related to the
cancellation  of its C-4 technology agreement with IBM.   Changes
in  the  market for C-4 applications extended the time frame  for
achieving  commercial sales beyond original  expectations.   This
lack  of near term commercial sales opportunities, combined  with
increasing  overhead  costs, prompted the  Company  to  negotiate
termination  of the agreement.  Consequently, the  Company  wrote
off the long-lived assets associated with this project.

     The  Solar  Electric business unit recorded a  $1.0  million
asset  impairment charge to write down the long-lived  assets  of
Solartec,  S.A., a solar electric systems distributor located  in
Argentina.  Since acquiring Solartec in November 1996,  operating
cash  flows  were below original expectations.  As a result,  the
Company  recorded this impairment to the asset value of  Solartec
to  an  amount  that could be realized through  estimated  future
operating cash flows.


Note 3.  Segment Information

     The  Company's reportable segments (Packaging and  Ceramics)
are based on its method of internal reporting, which is based  on
product  category.  In addition, as of June 30, 1999, the Company
owns   a   majority  interest  in  a  group  of  solar   electric
distribution   companies   and  a   real   estate   developmental
partnership, which are included in the Other segment.  The  Other
segment  also  includes, prior to January 31,  1999,  a  corn-wet
milling  facility,  and  prior  to March  1998,  a  biodegradable
polymer developmental business.

     The  Company  evaluates the performance of its segments  and
allocates resources to them based primarily on operating income.

      The  table  below  summarizes  information  about  reported
segments as of and for the three months ended  June 30:

                           Operating  Depreciation
                   Net      Income        and         Capital
(In thousands)    Sales     (Loss)    Amortization  Expenditures
                ---------  ---------  ------------  ------------
1999

Packaging        $148,534    $14,784        $8,727       $15,294
Ceramics           95,411     11,834         6,702         2,423
Other              15,061          2           101           493
                 --------    -------     ---------       -------
  Segment total   259,006     26,620        15,530        18,210
Corporate             ---     (2,993)           67            18
                 --------    -------     ---------       -------
  Consolidated
    total        $259,006    $23,627       $15,597       $18,228
                 ========    =======     =========       =======
1998

Packaging        $162,497    $17,478        $9,351        $7,884
Ceramics           79,422     11,596         5,065         8,442
Other              15,407       (811)          448         1,167
                 --------    -------     ---------       -------
  Segment total   257,326     28,263        14,864        17,493
Corporate             ---     (2,357)           77           284
                 --------    -------     ---------       -------
  Consolidated
    total        $257,326    $25,906       $14,941       $17,777
                 ========    =======     =========       =======

     The   table  below  summarizes  information  about  reported
segments as of and for the six months ended June 30:

                          Operating  Depreciation
                    Net     Income        and                    Capital
(In thousands)     Sales    (Loss)   Amortization    Assets   Expenditures
                 -------- ---------  ------------  ---------- ------------
1999

Packaging        $299,261   $27,623       $17,293    $568,385      $32,565
Ceramics          171,989    22,351        12,090     313,565        3,971
Other              30,311       427           531      54,426          959
                 --------   -------     ---------  ----------    ---------
  Segment total   501,561    50,401        29,914     936,376       37,495
Corporate             ---   (5,340)           135     110,569           18
                 --------   -------     ---------  ----------    ---------
  Consolidated
    total        $501,561   $45,061       $30,049  $1,046,945      $37,513
                 ========   =======     =========  ==========    =========
1998

Packaging        $302,033   $30,831       $17,768    $578,374      $18,030
Ceramics          160,367    17,173         9,881     267,310       16,315
Other              31,659   (3,776)           907      66,285        2,321
                 --------   -------     ---------  ----------    ---------
  Segment total   494,059    44,228        28,556     911,969       36,666
Corporate             ---   (4,762)           157      86,678          327
                 --------   -------     ---------  ----------    ---------
  Consolidated
    total        $494,059   $39,466       $28,713    $998,647      $36,993
                 ========   =======     =========  ==========    =========


Note 4.  Golden Aluminum Company

      On  May  26, 1999, the Company announced that it  had  been
notified  by  Crown  Cork & Seal Company,  Inc.  (Crown)  of  its
intention to return Golden Aluminum Company (Golden Aluminum)  to
the  Company  effective August 23, 1999.  Under the  terms  of  a
March  1997 agreement between the Company and Crown, as  amended,
Crown paid a non-refundable $10 million payment and issued a  $60
million  note  to  the Company in exchange for  Golden  Aluminum.
Crown  also  had the option of returning Golden Aluminum  to  the
Company in satisfaction of the $60 million note.  The Company  is
actively working to sell Golden Aluminum to another buyer and has
received  interest from several parties.  The Company is  working
toward a sale of Golden Aluminum by the end of 1999.


Note 5.  Subsequent Events

     On July 26, 1999 the Company announced that it has agreed to
sell  the  assets and business of its flexible packaging division
to  Sonoco  Products Company for approximately  $105  million  in
cash.   This transaction is expected to close in September.   The
Company  will use the proceeds, after transaction costs,  to  pay
down  debt  associated  with  its acquisition  of  the  packaging
business of Fort James.


Item  2.  Management's Discussion and Analysis of Financial
          Condition and Results of Operations

General Business Overview

      ACX  Technologies, Inc. ("ACX" or the "Company"),  together
with   its   subsidiaries,   is  a   diversified,   value   added
manufacturing  organization focused on pioneering  differentiated
customer  solutions.  Two business segments comprise the majority
of the Company's results from operations: the packaging business,
operated   through   Graphic   Packaging   Corporation   (Graphic
Packaging),  and  the ceramics business, operated  through  Coors
Ceramics Company (Coors Ceramics).  On June 15, 1999, the Company
announced a plan to spin-off Coors Ceramics.  Under the  proposed
spin-off plan, the Company would distribute 100% of the shares of
Coors  Ceramics to shareholders of ACX in a tax-free transaction.
The  transaction,  which  is subject to regulatory  approvals,  a
favorable IRS ruling and final approval of the Company's Board of
Directors, is planned for completion by the end of 1999.

      Graphic Packaging is a nonintegrated manufacturer  of  both
folding  cartons  and flexible packages and participates  in  the
beverage,  frozen  food, dried food, soap and detergent,  bakery,
tobacco,  pet  food,  confectionery,  quick  service  restaurant,
coffee,   photographic,  and  personal  care  markets.    Graphic
Packaging  has  announced  that its future  strategy  will  focus
primarily on folding cartons.

      To  further its folding carton strategy, on April 25,  1999
the  Company  entered into a definitive purchase  agreement  with
Fort James Corporation (Fort James) to acquire the net assets  of
Fort James' folding carton business for $830 million in cash. The
folding  carton  business of Fort James is a  major  supplier  of
folding cartons to leading consumer product companies.  The  Fort
James  folding  carton business is comprised of 12 carton  plants
and  a  paper mill.  The Company expects to close the acquisition
in early August 1999.

      On  July 26, 1999, the Company announced it had reached  an
agreement  to  sell  the  assets and  business  of  its  flexible
packaging  division to Sonoco Products Company for  approximately
$105  million in cash.  This transaction is expected to close  in
September 1999.

      Coors  Ceramics develops, manufactures, and sells  advanced
technical ceramic products and other engineered materials  across
a   wide   range  of  product  lines  for  a  variety  of  custom
applications.   Coors Ceramics, which has been  in  business  for
more  than  78  years,  is  the largest  U.S.-owned,  independent
manufacturer  of  advanced technical ceramics.  The  majority  of
Coors   Ceramics'  sales  are  to  the  semiconductor  equipment,
petrochemical,   power   generation   and   mining,   automotive,
telecommunications,  and  pulp and paper  industries.   In  March
1999, the Company acquired Precision Technologies (Precision) and
Edwards  Enterprises (Edwards), both manufacturers of  precision-
machined   parts   primarily  for  the  semiconductor   equipment
industry.

     In addition to the primary operating businesses, the Company
owns  other  businesses (Other), primarily operating through  its
majority   owned  subsidiary,  Golden  Genesis  Company   (Golden
Genesis).    Golden   Genesis'  focus  is   on   assembling   and
distributing  solar  electric systems.   On  May  25,  1999,  the
Company  announced  that Kyocera International,  Inc.,  a  wholly
owned  subsidiary of Kyocera Corporation, has agreed to  purchase
100%  of  the  common  shares of Golden  Genesis,  including  the
Company's  majority ownership, for $2.33 per share.  The  Company
expects to receive proceeds of approximately $30 million for  its
majority  interest in Golden Genesis, including the repayment  of
certain  intercompany debt.  Closing is scheduled for  August  3,
1999.

      The Other businesses also include a real estate development
partnership.  Additionally, the historical results for the  Other
businesses  include  the  operations of a  biodegradable  polymer
project  and  a  corn-wet  milling facility.   During  1998,  the
Company exited the biodegradable polymer project.  On January 31,
1999, the Company sold the corn-wet mill operation.



Results from Continuing Operations

     Consolidated net sales for the three months ended  June  30,
1999  increased  slightly  to  $259.0  million  as  compared   to
consolidated net sales of $257.3 million for the same  period  in
1998.   For the six months ended June 30, consolidated net  sales
grew  1.5% to $501.6 million compared to the first half of  1998.
These   increases  are  primarily  attributable  to   the   March
acquisitions of Edwards and Precision, partially offset by  sales
declines  at  Graphic Packaging due to changes  in  product  mix,
softness  in  sales  to  tobacco and dried foods  customers,  and
certain  price reductions.  Base business sales at Coors Ceramics
were also down due to price competition and continued softness in
the pulp and paper and electronics markets.

     Consolidated  gross margin for the second  quarter  and  six
months ended June 30, 1999 were 21.3% and 20.6%, respectively, in
line with the 20.6% gross margins recorded for the second quarter
and six months ended June 30, 1998.

     Consolidated operating income for the second quarter of 1999
totaled  $23.7  million, a $2.3 million decrease  from  operating
income for the second quarter of 1998.  For the six months  ended
June  30, 1999, consolidated operating income grew 14.2% to $45.1
million over consolidated operating income for the same six month
period  in  1998, which was due primarily to the $7.2 million  in
asset  impairment charges recorded during the first half of  1998
with   no   such   charges  in  1999.   Excluding  this   charge,
consolidated  operating income in the 1999 first  half  was  $1.6
million  lower  than  in  the comparable  period  in  1998.   The
decreases  in operating income in 1999 are primarily attributable
to  lower  revenues  and  competitive pricing  pressure  at  both
Graphic Packaging and in Coors Ceramics' base business.

     Net  interest expense for the second quarter of 1999 totaled
$5.4  million,  a slight increase from the $5.3  million  in  net
interest  expense  recorded  in the 1998  second  quarter.   This
increase  reflects  debt financing of the Edwards  and  Precision
acquisitions,  partially  offset by  debt  repayments  funded  by
operating  cash  flow.  For the first six  months  of  1999,  net
interest  expenses  totaled  $10.6 million,  compared  with  $9.6
million in the first half of 1998.  This increase is attributable
to  debt financing for the Edwards and Precision acquisitions  in
1999  and  reflects  the timing of borrowings for  the  Universal
Packaging acquisition in mid-January 1998.

     The  consolidated effective tax rate for the first  half  of
1999  was approximately 39%, compared with 40% in the first  half
of 1999.

Liquidity and Capital Resources

      The Company's liquidity is generated from both internal and
external  sources and is used to fund short-term working  capital
needs, capital expenditures, and acquisitions.  At June 30, 1999,
the  Company's working capital was $168.1 million with a  current
ratio of 1.74 to 1.

      During the second quarter of 1999, the Company entered into
an  agreement  with Bank of America to provide  $1.3  billion  in
short and long-term credit facilities (the Credit Facilities)  to
finance  the  Company's  acquisition of the  Fort  James  folding
carton business and repay all existing debt.  The Company expects
to  close  on  the  Credit Facilities in early  August.   Amounts
borrowed  under  the new facilities will bear interest  at  LIBOR
plus  a  spread that varies depending on the Company's  financial
performance.  In addition, the Company will pay a commitment  fee
on  the unused portion of the Credit Facilities.  Borrowings will
be  secured  with  a pledge of 100% of the common  and  preferred
shares  of  the Company's domestic subsidiaries and  65%  of  the
common and preferred shares of material foreign subsidiaries.  If
the Company fails to meet certain financial measures and repay at
least  $525  million  within  180  days  of  closing  the  Credit
Facilities, then borrowings will become secured by all assets  of
the  Company and its subsidiaries.  The Company expects to  raise
funds for repayment of the Credit Facilities through the sale  of
its  interest  in  Golden  Genesis,  the  sale  of  its  flexible
packaging  division,  operating cash  flow,  and  other  sources.
Additionally,  the Company expects to receive approximately  $200
million in cash upon the spin-off of Coors Ceramics.

     The Company has access to a two-year, unsecured $250 million
revolving credit facility.  Amounts borrowed under this  facility
bear  interest under various pricing alternatives, including  (i)
LIBOR  plus  a spread depending on the Company's debt ratings  or
(ii)  a  competitive  money  market auction.   In  addition,  the
Company  pays a commitment fee on the committed amount.  At  June
30,  1999,  $180  million was outstanding under this  line.   The
Company  intends  to cancel this facility and repay  all  amounts
borrowed upon closing of the Credit Facilities.

      The  Company  has $100 million of senior notes  outstanding
under  a  private  placement agreement  bearing  interest  at  an
average  rate  of  8%.   In addition, the Company  assumed  $92.5
million of  senior notes through its acquisition of Britton Group
plc in January 1998, of which  $9.5  million  was  repaid  in the
first  quarter  of  1999.  These  notes bear interest at approxi-
mately 7.1%.   The Company intends  to  repay  these  notes  upon
closing of the Credit  Facilities.  In addition to  principal and
accrued interest, the Company anticipates paying approximately $5
million  in   prepayment  penalties  associated  with  the  early
retirement of these notes.

      The Company has an uncommitted $20 million revolving credit
facility  with  Wachovia Bank, N.A.  As of June 30,  1999,  there
were no amounts outstanding under this facility.

      The  Company  has  entered  into  contracts  to  hedge  the
underlying interest rate on $175 million of anticipated long-term
borrowings.  These contracts lock in an average risk-free rate of
approximately  5.78%  and  expire  on  November  1,  1999.    The
anticipated borrowings will be used to refinance a portion of the
Credit  Facilities.   As of June 30 1999, the  unrecognized  loss
associated  with  these  hedge contracts was  approximately  $1.2
million.

      During 1998, the Company's Board of Directors approved  the
repurchase  of up to 5% of the outstanding common shares  of  the
Company.   As  of  June  30,  1999, the Company  had  repurchased
181,200 shares at an aggregate cost of $2.4 million.

      The  Company  currently expects that the Credit  Facilities
will provide adequate sources of funds to finance the acquisition
of  the  Fort  James folding carton business and  repay  existing
debt.   Additionally, the Company believes that cash  flows  from
operations, the sale of certain assets, and borrowings under  the
Credit  Facilities  will be adequate to meet  the  required  debt
repayments  and   the  Company's  needs for  working capital and
temporary financing for capital expenditures.

Year 2000 Readiness Disclosure

     The  Year  2000  issue arose because many existing  computer
programs  use  only  the last two digits  to  refer  to  a  year.
Therefore,  these computer programs do not properly  recognize  a
year that begins with "20" instead of the familiar "19".  If  not
corrected,  many  computer  applications  could  fail  or  create
erroneous results disrupting normal business operations.

     Management  has  implemented an enterprise-wide  program  to
prepare   the  Company's  financial,  manufacturing,  and   other
critical systems and applications for the year 2000.  The program
includes  a  task force established in March 1998  that  has  the
support  and  participation  of  upper  management  and  includes
individuals  with  expertise  in  risk  management,  legal,   and
information  technologies.  The Board of Directors  monitors  the
progress  of the program on a quarterly basis.  The task  force's
objective  is to ensure an uninterrupted transition to  the  year
2000   by  assessing,  testing,  and  modifying  all  information
technology  (IT) and non-IT systems, interdependent systems,  and
third parties such as suppliers and customers.

     The  Year 2000 task force has taken an inventory of  all  IT
and non-IT systems.  This inventory categorizes potential systems
date  failures  into  three  categories:   "major"  (critical  to
production  and could be business threatening with no  short-term
alternatives  available); "limited" (disrupting to  the  business
operations  with  short-term solutions  available);  and  "minor"
(inconsequential to the business operations).  The task force has
prioritized the program to focus first on "major" systems.  It is
the  Company's  goal to have all systems Year 2000  compliant  no
later than September 1, 1999.

     IT  Systems  -  The  Company  is  primarily  using  internal
resources to remediate IT systems.  External resources  are  used
to  assist in testing compliance of IT systems.  The Company does
not  rely  on any one IT system.  The majority of the IT  systems
have  been  recently purchased from third party  vendors.   These
systems  were  already  Year  2000 compliant  or  had  Year  2000
compliance upgrades.  As of June 30, 1999, approximately  80%  of
the Company's IT systems were Year 2000 compliant.

     Non-IT   Systems   -   The  Company  has  approximately   40
manufacturing  facilities with varying degrees of non-IT  systems
(such  as  printing presses, automated kiln systems,  statistical
process  control  systems,  ink mixing systems,  quality  control
systems,  and machining equipment).  The vast majority  of  these
facilities  are  located in North America.  To ensure  Year  2000
compliance  for  non-IT systems, the Year  2000  task  force  has
contacted  the  suppliers of these non-IT  systems  and  obtained
statements that the systems are Year 2000 compliant and is in the
process  of testing Year 2000 compliance.  The majority of  these
non-IT  systems use time intervals instead of dates and are  Year
2000  compliant.   Thus,  the  Company  believes  that  potential
disruptions of such systems due to the Year 2000 issue should  be
minimal.  As of June 30, 1999, approximately 90% of the Company's
"major"  and  "limited" non-IT systems are Year  2000  compliant.
The "minor" non-IT systems are in various stages of compliance.

     Third Parties - The Year 2000 task force has been in contact
with  key  suppliers and customers to minimize potential business
disruptions  related to the Year 2000 issue between  the  Company
and these third parties.  The task force has focused on suppliers
and  customers  that  are  classified as "major"  and  "limited."
While  the  Company cannot guarantee compliance  by  third  party
suppliers, the Company has developed contingency plans to  ensure
the availability of inventory supplies in the event a supplier is
not Year 2000 compliant.

     Contingency  Plans  -  The Company  is  in  the  process  of
finalizing  contingency plans in the event there  are  Year  2000
failures  related to the Company's IT and non-IT  systems  and/or
key  third  parties.  The Company's manufacturing facilities  are
not interdependent in terms of non-IT systems, and its facilities
utilize  a  diverse  range  of  non-IT  systems  (i.e.,  printing
presses, kilns, and other manufacturing equipment).  In addition,
no  one  facility accounts for a significant amount  of  revenue.
Thus,  the  contingency  plan  for non-IT  systems  includes  the
transfer  of  production  between  facilities  and  manufacturing
equipment.  Currently, the Company believes that there is  enough
manufacturing capacity to accommodate the contingency plan.

     The Company's IT systems are also not heavily interdependent
between facilities and key third parties and the Company utilizes
a  diverse  range  of IT systems.  The contingency  plan  for  IT
systems  includes the ability to transfer transaction processing,
record  keeping,  and  compliance  work  between  facilities  and
maintaining "hard" copies of critical information.

     The  Company  is  not dependent on any  one  supplier.   The
Company  has  established  back-up suppliers  and  will  maintain
adequate  inventory levels at December 31, 1999 to  minimize  the
potential business disruption in the event of a Year 2000 failure
by a supplier.

     Costs  -  Through  June  30, 1999,  the  Company  has  spent
approximately $0.9 million out of an estimated total $1.8 million
related  to the Year 2000 issue.  These costs include  the  costs
incurred  for external consultants and professional advisors  and
the  costs  for  software  and hardware.   The  Company  has  not
separately  tracked internal costs such as payroll related  costs
for  its  information  technologies  group  and  other  employees
working on the Year 2000 project.  The Company expenses all costs
related  to  the  Year 2000 issue as incurred.  These  costs  are
being funded through operating cash flows.

     The Company's current estimate of the time and costs related
to  the remediation of the Year 2000 issue are based on the facts
and  circumstances existing at this time.  New developments could
affect  the Company's estimates to remediate the Year 2000 issue.
These  developments  include, but are not  limited  to:  (i)  the
availability and cost of personnel trained in this area; (ii) the
ability  to  identify  and remediate all IT and  non-IT  systems;
(iii)  unanticipated failures in IT and non-IT systems; and  (iv)
the  planning and Year 2000 compliance success that key customers
and suppliers attain.

Segment Information

     Net sales and operating income for the second quarter 1999
and 1998 are summarized by segment below:


                                                   Operating
                          Net Sales              Income(Loss)
                     --------------------      -----------------
(In thousands)           1999        1998         1999      1998
                     --------    --------      -------   -------
Graphic Packaging    $148,534    $162,497      $14,784   $17,478
Coors Ceramics         95,411      79,422       11,834    11,596
Other                  15,061      15,407            2      (811)
Corporate                 ---         ---       (2,993)   (2,357)
                     --------    --------      -------   -------
                     $259,006    $257,326      $23,627   $25,906
                     ========    ========      =======   =======

     Net sales and operating income for the six months ended June
30 are summarized by segment below:

                                                   Operating
                           Net Sales              Income(Loss)
                     --------------------      -----------------
(In thousands)           1999        1998         1999      1998
                     --------    --------      -------   -------
Graphic Packaging    $299,261    $302,033      $27,623   $30,831
Coors Ceramics        171,989     160,367       22,351    17,173
Other                  30,311      31,659          427    (3,776)
Corporate                 ---         ---       (5,340)   (4,762)
                     --------    --------      -------   -------
                     $501,561    $494,059      $45,061   $39,466
                     ========    ========      =======   =======



Graphic Packaging

     Graphic  Packaging reported net sales for the second quarter
and  six months ended June 30, 1999 of  $148.5 million and $299.3
million,  respectively.  This compares to  net  sales  of  $162.5
million and $302.0 million for the corresponding periods in 1998.
The  lower  1999 net sales are primarily due to softness  in  the
tobacco  and dry foods markets, changes in product mix, a decline
in  sales of promotional packaging, and price reductions given to
satisfy continuous improvement initiatives, partially offset by a
full  first  quarter of sales from Universal Packaging  in  1999.
Universal  Packaging  was  acquired  on  January  14,  1998,  and
consequently,  was not included for the full six  months  in  the
1998 period.

     Graphic  Packaging's operating income for the second quarter
and  six  months  ended June 30 totaled $14.8 million  and  $27.6
million, respectively.  This compares to $17.5 million and  $30.8
million reported for the same periods in 1998.  Operating margins
declined slightly from 10.8% in the second quarter 1998 to  10.0%
in  the  1999 second quarter.  For the six month ended  June  30,
1999,  operating  margins fell to 9.2% from  10.2%  in  the  same
period  of  1998.  The declines in operating profits and  margins
are  attributable  to  competitive pricing pressures  across  all
lines  of  business.   Additionally, price  reductions  given  to
customers have outpaced cost cutting efforts.

Coors Ceramics

     Coors  Ceramics'  second quarter 1999 net sales  were  $95.4
million, an increase of 20.1% over the 1998 second quarter.   For
the  six  months  ended  June 30, 1999 net sales  totaled  $172.0
million,  an  increase of $11.6 million over the  same  six-month
period in 1998.  The net sales increases are attributable to  the
March   1999  acquisitions  of  Edwards  and  Precision.    Coors
Ceramics'  continues to see currency influenced  price  pressures
and softness in the pulp and paper and electronics markets, which
has negatively impacted base business sales.

     Coors  Ceramics' operating income was $11.8 million for  the
second  quarter of 1999 compared to $11.6 million for the  second
quarter of 1998.  The addition of Edwards and Precision increased
operating income for the 1999 quarter, partially offset by  lower
base  business operating income resulting from price  competition
and  continued  softness in the pulp and  paper  and  electronics
markets.   For  the  six months ended June  30,  1999,  operating
income  increased 30.2% to $22.4 million as compared to the  same
period  in  1998.  Operating income for the 1998 first  half  was
negatively  impacted by $6.2 million in asset impairment  charges
related  to  the  termination  of the  Company's  C-4  technology
agreement with IBM.

     Operating margins for the quarter and six months ended  June
30,  1999  fell to 12.4% and 13.0% from 14.6% and  14.6%  in  the
corresponding   periods  in  1998,  excluding  the   1998   asset
impairment  charge.   Coors Ceramics continues  to  maintain  and
increase unit sales volumes but has reduced prices in many  cases
to compete with foreign competitors, resulting in lower operating
margins.

Other

     As of June 30, 1999, the Company's Other businesses includes
its   majority  interest  in  Golden  Genesis,  a   real   estate
partnership,  and  the  results of the Company's  corn-wet  mill,
which  was  sold  on  January 31, 1999.   The  Company  plans  to
liquidate  its majority interest in Golden Genesis as a  part  of
Golden Genesis' merger into Kyocera International, Inc. in  early
August 1999.

       For  the  first  half of 1998, the Other  businesses  also
included  the  results  of  the Company's  biodegradable  polymer
project.

     Net  sales  for the Other businesses were $15.0 million  for
the second quarter of 1999, in line with the $15.4 million in net
sales  recorded for the 1998 second quarter. For the  six  months
ended  June  30,  1999, net sales declined to  $30.3  million  as
compared  to  $31.7 million for the same period  in  1998.   This
decrease  is primarily a result of the sale of the corn-wet  mill
in January 1999.

     For  the second quarter 1999, the Other businesses had break
even  operating  results compared to an operating  loss  of  $0.8
million  for  the 1998 second quarter.  For the six months  ended
June 30, 1999, the Other businesses recorded operating income  of
$0.4  million compared to a $3.8 million operating  loss  in  the
1998   first   half.   The  improvement  in  1999  reflects   the
elimination of expenses associated with the biodegradable polymer
project  in  1998.   The  1998 first  half  operating  loss  also
includes  a $1.0 million asset impairment charge related  to  the
long-lived assets of Solartec, S.A., a solar electric distributor
in  Argentina  and a $1.1 million write-down of  inventories  and
accounts   receivable  associated  with  the  Company's   battery
charging operations in Brazil.

Corporate

     Corporate  costs totaled $3.0 million and $5.3  million  for
the   second  quarter  and  six  months  ended  June  30,   1999,
respectively.  This compares to corporate costs of  $2.4  million
and  $4.8 million for the same periods in 1998.  The increase  in
corporate costs reflects higher professional fees and other costs
associated with the Company's plan to spin off Coors Ceramics.

Forward-Looking Statements

     Some  of  the statements in this Form 10-Q Quarterly Report,
as  well as statements by the Company in periodic press releases,
oral  statements made by the Company's officials to analysts  and
shareholders in the course of presentations about the Company and
conference   calls   following   quarterly   earnings   releases,
constitute "forward-looking statements" within the meaning of the
Private  Securities  Litigation Reform Act  of  1995.   Words  or
phrases denoting the anticipated results of future events such as
"anticipate," "believe," "estimate," "will likely," "are expected
to,"  "will  continue," "project," and similar  expressions  that
denote  uncertainty are intended to identify such forward-looking
statements.   Such forward-looking statements involve  known  and
unknown risks, uncertainties and other factors that may cause the
actual results, performance or achievements of the Company to  be
materially  different  from any future  results,  performance  or
achievements   expressed  or  implied  by   the   forward-looking
statements.   Such  factors  include,  among  other  things,  (i)
general  economic  and  business  conditions;  (ii)  changes   in
industries in which the Company does business, such as  beverage,
food,      telecommunications,     automotive,     semiconductor,
petrochemical,  and tobacco; (iii) the loss of  major  customers;
(iv)  the  loss  of  market  share and increased  competition  in
certain  markets;  (v) industry shifts to alternative  materials,
such  as  replacement  of  ceramics  by  plastics  or  metals,  a
substitution  of  flexible  packaging for  folding  cartons,  and
competitors offering products with characteristics similar to the
Company's products; (vi) changes in consumer buying habits; (vii)
governmental regulation including environmental laws; (viii)  the
ability  of  the Company to successfully execute exit  strategies
for  non-core  businesses and Golden Aluminum Company;  (ix)  the
Company's ability to successfully integrate acquisitions; and (x)
other factors over which the Company has little or no control.

     These  statements  should be read in  conjunction  with  the
financial  statements and notes thereto included in the Company's
Form 10-K for the year ended December 31, 1998.  The accompanying
financial  statements  have  not  been  examined  by  independent
accountants  in  accordance  with  generally  accepted   auditing
standards,  but in the opinion of management of ACX Technologies,
such  financial statements include all adjustments  necessary  to
summarize fairly the Company's financial position and results  of
operations.   Except  for  certain  reclassifications   made   to
consistently  report the information contained in  the  financial
statements,  all  adjustments  made  to  the  interim   financial
statements  presented  are  of a normal  recurring  nature.   The
results of operations for the second quarter ended June 30, 1999,
may  not  be indicative of results that may be expected  for  the
year ending December 31, 1999.



                   PART II.  OTHER INFORMATION

Item 6.   Exhibits and Reports on Form 8-K

(a)  Exhibits:

Exhibit
Number                      Document Description

  27      Financial Data Schedule


(b)  Reports on Form 8-K

   A report on Form 8-K was filed on April 19, 1999
   regarding the Company's announcement on April 6, 1999
   of its intention to dispose of the Flexible Packaging
   Division of Graphic Packaging Corporation.

   A report on Form 8-K was filed on April 27, 1999
   regarding the Company's announcement on April 26,
   1999 of its planned acquisition of the folding carton
   business of Fort James Corporation.

   A report on Form 8-K was filed on May 27, 1999
   regarding the Company's announcement on May 25, 1999
   of the merger of Golden Genesis Company into Kyocera
   International, Inc.

   A report on Form 8-K was filed on May 28, 1999
   regarding the Company's announcement on May 26, 1999
   that Crown Cork & Seal Company, Inc. had notified ACX
   of its intention to return Golden Aluminum Company to
   the Company.

   A report on Form 8-K was filed on June 23, 1999
   regarding the Company's announcement on June 15, 1999
   of its intention to spin-off Coors Ceramics Company.




                           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.


Date:     July 29, 1999          By /s/Jed J. Burnham
                                 ----------------------------
                                 Jed J. Burnham
                                 (Chief Financial Officer and
                                  Treasurer)

Date:     July 29, 1999          By /s/Beth A. Parish
                                 ----------------------------
                                 Beth A. Parish
                                 (Controller and Principal
                                  Accounting Officer)