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ARCADIAN COMPLETES ACQUISITION OF FERTRIN/TTUC NITROGEN FERTILIZER BUSINESSES

 MEMPHIS, Tenn., March 31 /PRNewswire/ -- Arcadian Partners, L.P. (NYSE: UAN) announced today that it has completed the acquisition of Fertilizers of Trinidad and Tobago Limited ("FERTRIN") and Trinidad and Tobago Urea Company Limited ("TTUC") for a total purchase price of $175 million.
 Doug Campbell, President and Chief Executive Officer of Arcadian Corporation, said, "With the addition of the acquired businesses, Arcadian is able to improve its position in the vital European, Central and South American, Caribbean and United States nitrogen fertilizer markets. We are significantly expanding our production and marketing capabilities, and we expect these acquisitions to provide an immediate positive impact for Arcadian."
 The business operations of FERTRIN and TTUC include integrated world class ammonia and granular urea production facilities with annual production capacities of 840,000 and 590,000 short tons of product, respectively. FERTRIN operates a dual-train ammonia facility which was constructed in 1981 and 1982. TTUC operates the only urea production facility in the Caribbean which was constructed in 1983. Both facilities located in Trinidad and Tobago have access to abundant, low-cost natural gas reserves. Debottlenecking and upgrading projects are already underway to increase the annual production capacity of ammonia to 1,000,000 short tons by 1994.
 Arcadian Partners, L.P., has formed a wholly owned domestic subsidiary, Arcadian Trinidad Corporation, to acquire and hold the shares of FERTRIN and TTUC, in order to preserve the preferential tax treatment for Arcadian's Unitholders.
 Arcadian Partners, L.P., is a recognized U.S. leader in the manufacturing, marketing and distribution of nitrogen fertilizers and related products. Arcadian Corporation is the general partner of Arcadian Partners, L.P.
 -0- 3/31/93
 /CONTACT: Gwaine W. Ton, Director of Investor Relations and Financial Services, Arcadian Partners, L.P., 901-758-5366/
 (UAN)


CO: Arcadian Partners, L.P.; Fertilizers of Trinidad and Tobago
 Limited; Trinidad and Tobago Urea Company Limited ST: Tennessee IN: AGR SU: TNM


SB -- CH002 -- 1440 03/31/93 11:03 EST
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Publication:PR Newswire
Date:Mar 31, 1993
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