Exhibit 1


                                                                October 27, 2000

                MERRIMAC COMPLETES $4.6 MILLION PRIVATE PLACEMENT

West Caldwell, NJ (October 27, 2000) .... Merrimac Industries, Inc. (AMEX: MRM),
a leader in the design and manufacture of RF Microwave components, assemblies
and Micro-Multifunction Modules (MMFMTM), announced today that it has closed a
private placement of common shares and warrants for aggregate cash proceeds of
$4.6 million. The Company issued to the investors 360,000 units at a price of
$12.80 per unit, each unit consisting of a share of common stock and a
three-year, non-redeemable detachable warrant to purchase an additional share of
common stock exercisable at a price of $21.25.

According to the announcement by Merrimac Chairman and CEO Mason N. Carter, the
funds will be used for working capital and to finance the continued growth of
operations resulting from the increased demand for telecommunications
components.

The investors included Adam Smith Investment Partners, L.P., a New York-based
investment firm and certain of its affiliates, Ericsson Microelectronics A.B.
and three members of the Board of Directors of Merrimac Industries, Inc.

Orin Hirschman, a principal of Adam Smith, stated, "Mason Carter and the new
management team have done a solid job growing Merrimac's military business and
moving the company into commercial segments. Merrimac's success with its
proprietary Multi-Mix(TM) packaging technology has resulted in components,
assemblies and multifunction modules for wireless infrastructure solutions. We
are especially excited about investing in Merrimac alongside Ericsson, which is
quickly emerging as the worldwide leader in providing high speed 3G wireless
infrastructure products."

Carter stated, "Developing strategic partnerships is a top priority for
Merrimac. We are pleased to work with Adam Smith and build a relationship with
an investment firm that specializes in emerging technology companies. Their
technology-related experience is an important advantage to Merrimac as we
continue to grow our markets."

Carter added, "The additional equity purchased by Ericsson is a further
indication of the confidence in Multi-Mix(TM) Microtechnology as an enabling
technology with broad application. Our growing partnership is leading to
creative wireless infrastructure solutions." Carter also noted: "The purchase by
certain members of our Board of Directors is another indication of the
confidence and commitment in our strategy and ability to execute."








About Merrimac

Merrimac Industries, Inc. is a leader in the design and manufacture of RF
Microwave components, assemblies and Micro-Multifunction Modules (MMFM(TM))
serving the wireless telecommunications industry worldwide with enabling
technologies for critical commercial applications. Merrimac is focused on
providing Total Integrated Packaging Solutions(TM) with Multi-Mix(TM)
Microtechnology, a leading edge competency providing value to our customers
through miniaturization and integration. The Multi-Mix(TM) process for
microwave, multilayer integrated circuits and MMFM(TM) is a patented method
developed at Merrimac Industries based on fluoropolymer composite substrates.
The fusion bonding of multilayer structures provides a homogenous dielectric
medium for superior electrical performance at microwave frequencies. The bonded
layers may incorporate embedded semiconductor devices, MMICs, etched resistors,
passive circuit elements and plated-through via holes to form a 3-D subsystem
enclosure that requires no further packaging. The Multi-Mix(TM) Microtechnology
Group is ISO 9001 certified.

Merrimac Industries, Inc. and its subsidiary Filtran Microcircuits Inc., with
locations in West Caldwell, NJ, San Jose, Costa Rica, and Ottawa, Ontario,
Canada, have approximately 240 co-workers in the design and manufacture of
signal processing components, gold plating of high-frequency microstrip, bonded
stripline and thick metal-backed Teflon (PTFE) micro-circuitry, MMFM(TM) and
subsystems. Merrimac (MRM) is listed on the American Stock Exchange.

This press release contains statements relating to future results of Merrimac
(including certain projections and business trends) that are "forward-looking
statements" as defined in the Private Securities Litigation Reform Act of 1995.
Actual results may differ materially from those projected as a result of certain
risks and uncertainties. These risks and uncertainties include, but are not
limited to: general economic and industry conditions; slower than anticipated
penetration into the satellite communications, defense and wireless markets; the
risk that the benefits expected from the acquisition of Filtran Microcircuits
Inc. are not realized; the ability to protect proprietary information and
technology; competitive products and pricing pressures; risks relating to
governmental regulatory actions in communications and defense programs; and
inventory risks due to technological innovation, as well as other risks and
uncertainties, including but not limited to those detailed from time to time in
Merrimac's Securities and Exchange Commission filings. These forward-looking
statements are made only as of the date hereof, and Merrimac undertakes no
obligation to update or revise the forward-looking statements, whether as a
result of new information, future events or otherwise.

Note: Merrimac Industries, Inc. news releases are available in fax form by
calling Company News On-Call. Dial (800) 758-5804, ext. 567525. These news
releases are also available on the Internet at: http://www.prnewswire.com .




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