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ALLWASTE ANNOUNCES TERMINATION OF NEGOTIATIONS TO ACQUIRE CATALYST HANDLING BUSINESS

 ALLWASTE ANNOUNCES TERMINATION OF NEGOTIATIONS TO ACQUIRE
 CATALYST HANDLING BUSINESS
 HOUSTON, May 19 /PRNewswire/ -- Allwaste, Inc. (NYSE: ALW) announced today that it has been unable to reach an agreement and is no longer negotiating to acquire Catalyst Technology, Inc. As previously announced on March 10, 1992, Allwaste, Inc. had been granted the exclusive right to negotiate with CRI International, Inc. for the acquisition of Catalyst Technology, Inc. and a related European affiliate, subject to agreement on the amount and form of consideration.
 R. L. Nelson, Jr., president and chief executive officer, stated that "Catalyst Technology, Inc. is the premier catalyst handling company, and we are very disappointed that we were unable to reach an agreement."
 Allwaste, Inc. is a Houston-based environmental services company with over 90 operating locations throughout the United States and Canada.
 -0- 5/19/92
 /CONTACT: June Filingeri or Bernie Kilkelly of Morgen-Walke Associates, 212-986-5900, or Ken Pieper, 214-701-8851, all for Allwaste/
 (ALW) CO: Allwaste, Inc.; Catalyst Technology, Inc. ST: Texas IN: SU: TNM


PS -- NY102 -- 2039 05/19/92 16:58 EDT
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Publication:PR Newswire
Date:May 19, 1992
Words:176
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