ANG NATURAL GAS COMPANY ANNOUNCES ANGUS CHEMICAL COMPANY TO ACQUIRE AMERICAN BIORGANICS, INC.CALGARY, Ont.--(BUSINESS WIRE)--June 1, 1995--Alberta Natural Gas Company Ltd. ("ANG ANG In currencies, this is the abbreviation for the NL Antillian Guilder. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. ") today announced that its wholly-owned U.S.- based subsidiary ANGUS Chemical Company has acquired American Biorganics, Inc. ("ABI Abi (ā`bī) [short for Abijah], in the Bible, King Hezekiah's mother. (Application Binary Interface) A specification for a specific hardware platform combined with the operating system. "), an established manufacturer and marketer of specialty biochemicals in Niagara Falls, New York Niagara Falls is a city in Niagara County, New York, United States. As of the 2000 census, the city had a total population of 55,593. It is across the Niagara River from Niagara Falls, Ontario, both named after the famed Niagara Falls which they share. . The acquisition of ABI will enhance ANGUS' presence in the life sciences market, which is the fastest growing specialty chemicals sector. Wayne Lunt, ANG's President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , said, "The acquisition of ABI fits the ANGUS growth strategy of utilizing acquisitions to strengthen and extend product lines and market presence in life sciences." Active in the life sciences market since 1980, ABI's sales were $U.S. 6.4 million in 1994. ANGUS is the world's foremost producer of nitroparaffins and their derivatives. These specialty chemicals are used in a broad range of applications, including coatings, inks, pharmaceutical and agricultural intermediates, personal care products, metalworking fluids, fuel systems and in water treatment. ANGUS operates production facilities in the U.S. and Europe and markets its products worldwide. ANG is a Calgary-based corporation engaged in natural gas processing Natural gas processing plants, or fractionators, are used to purify the raw natural gas extracted from underground gas fields and brought up to the surface by gas wells. The processed natural gas, used as fuel by residential, commercial and industial consumers, is almost pure , marketing and services, specialty chemicals and natural gas transportation. ANG's common shares are listed on the Toronto, Montreal, Vancouver, and Alberta exchanges and trade under the symbol ANG. CONTACT: Bruce A. Stevenson, (403) 691-7706 |
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