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DIAMOND SHAMROCK ANNOUNCES COMPLETION OF SALE OF INDUSTRIAL LUBRICANTS COMPANY

 DIAMOND SHAMROCK ANNOUNCES COMPLETION OF SALE
 OF INDUSTRIAL LUBRICANTS COMPANY
 SAN ANTONIO, Texas, March 27 /PRNewswire/ -- Diamond Shamrock, Inc. (NYSE: DRM) officials have announced that the sale of its subsidiary Industrial Lubricants Company (ILC) to Specialty Oil was completed today.
 Specialty officials say that the company will continue to operate all of ILC's locations. ILC operates warehouses in Houston, Corpus Christi, La Feria, Dallas, Lubbock, Amarillo, Austin, El Paso, Albuquerque and San Antonio, Texas where the company also has a packaging facility and lab.
 Specialty Oil, a privately held company headquartered in Shreveport, La., has been in the automotive lubricants business for 62 years and operates several warehouses in Louisiana, and the Southeast, extending as east far as Alabama. The company also has significant private label and export businesses.
 Diamond Shamrock, Inc. with annual sales of $2.7 billion, is a regional refiner and marketer of petroleum products. The San Antonio- based corporation has two Texas refineries, markets gasoline through approximately 2,000 Diamond Shamrock branded outlets, manufactures and markets petrochemicals, processes natural gas and stores and markets natural gas liquids.
 -0- 3/27/92
 /CONTACT: Kathy Hughes of Diamond Shamrock, Inc., 512-641-8846/
 (DRM) CO: Diamond Shamrock, Inc.; Specialty Oil; Industrial Lubricants Co. ST: Texas, Louisiana IN: OIL SU: TNM


AH -- NY076 -- 2595 03/27/92 19:45 EST
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Publication:PR Newswire
Date:Mar 27, 1992
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