Printer Friendly

ENGLISH CHINA CLAYS TO SELL WASTE DISPOSAL SUBSIDIARY TO SOUTH WEST WATER PLC

 NEW YORK, Jan. 4 /PRNewswire/ -- English China Clays plc (NYSE: ENC), the world's leading producer of kaolin, today announced that it entered into an agreement on Dec. 31, 1992 with South West Water plc to sell Haul-Waste Ltd. for approximately $27.5 million. Haul-Waste is a leading waste disposal company in Southwest England. Completion of the transaction is expected to occur in February 1993.
 Terms of the transaction call for South West Water to pay $25 million in cash at the close; the balance will become payable, in part or in full, before the end of 1995, on the fulfillment of certain conditions.
 English China Clays announced in August that it intended to sell Haul-Waste as it was a non-core activity of the company.
 English China Clays is the world's leading producer of kaolin, one of the most important minerals used in the manufacture of paper. The company is also a major supplier of calcium carbonate, ball clay and other industrial minerals and is one of the largest suppliers of pre- cast concrete products in the United Kingdom. The company's construction materials activities also include the production of aggregates and coated stone. English China Clays' U.S. operations are headquartered in Atlanta. The U.S. accounts for approximately 20 percent of the company's sales, 30 percent of its profits and 40 percent of its asset base.
 -0- 1/4/93
 /CONTACT: Thomas C. Franco or Jeffrey G. Gibson of Broadgate Consultants, Inc., 212-229-2222, for English China Clays plc/
 (ENC)


CO: English China Clays plc ST: New York IN: MNG SU: TNM

WB-AH -- NY030 -- 1254 01/04/93 10:52 EST
COPYRIGHT 1993 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1993 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Jan 4, 1993
Words:270
Previous Article:HEI EXPANDING PRODUCTION
Next Article:H.H. BROWN SHOE COMPANY, INC. PURCHASES MORSE SHOE, INC.'S LOWELL SHOE MANUFACTURING DIVISION
Topics:


Related Articles
WASTE MANAGEMENT INTERNATIONAL ACQUIRES FINNISH COMPANY
ENGLISH CHINA CLAYS TO SELL WASTE DISPOSAL SUBSIDIARY
/C O R R E C T I O N -- ENGLISH CHINA CLAYS PLC /
WASTE MANAGEMENT, INC. REPORTS REVENUE AND NET INCOME FOR FOURTH QUARTER AND YEAR
ENGLISH CHINA CLAYS COMPLETES SALE OF WASTE DISPOSAL SUBSIDIARY TO SOUTH WEST WATER PLC
Wheelabrator Technologies Says Waste Management International Agreement With Wessex Water To Impact Results
Waste Management International plc Announces Third Quarter Results for 1997
Biomass waste disposal project proposed.
Biomass project moves forward: Emo seeks funding partners to develop waste-disposal plan.

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters