TANDY BRANDS &lt;TAB> SELLS UNIT

  Tandy Brands Inc said it sold
  its Grate Home and Fireplace division to an investor group that
  includes some members of Grate's management for 1,600,000 dlrs
  in cash and secured notes.
      The company said the sale will not materially offset the
  9,848,000 dlr non-recurring charge it took against the sale of
  the division.
  

