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IONICS ENTERS INTO "OWN AND OPERATE" AGREEMENT FOR THE SALE OF BLEACH TO COURTAULDS

 IONICS ENTERS INTO "OWN AND OPERATE" AGREEMENT
 FOR THE SALE OF BLEACH TO COURTAULDS
 WATERTOWN, Mass., Nov. 4 /PRNewswire/ -- Ionics, Incorporated (NYSE:ION) announced today that it had entered into a multi-year agreement to supply sodium hypochlorite bleach to Courtaulds Films (Holdings) Limited.
 As part of the agreement, Ionics, through its United Kingdom subsidiary, will install its proprietary CloromatR hypochlorite system at Courtauld's "cellophane" cellulose film manufacturing plant in Bridgwater, Somerset, England. Ionics will own and operate the Cloromat system to manufacture hypochlorite bleach. Courtaulds, one of the largest chemical companies in the United Kingdom, will use the bleach in the manufacture of its cellophane product. Ionics plans to utilize a portion of the five ton per day Cloromat plant capacity to supply bleach for water and waste treatment plants as well as for household and janitorial uses.
 Commenting on the transaction, Arthur L. Goldstein, Ionics' Chairman and Chief Executive Officer, noted that the Courtauld's agreement makes Great Britain the third country, after Australia and the United States, in which Ionics has introduced its "own and operate" concept for the supply of bleach.
 Ionics is a separations technology company involved worldwide in the manufacture and sale of membranes and related equipment for the purification of water, in the supply of purified water and water treatment chemicals, and in the sale of bottled water and home water purifiers.
 -0- 11/4/92
 /CONTACT: T. G. Papastavros or A. T. Coughlin of Ionics, 617-926-2500/
 (ION) CO: Ionics Incorporated ST: Massachusetts IN: SU:


TM -- NE009 -- 2384 11/04/92 10:24 EST
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Publication:PR Newswire
Date:Nov 4, 1992
Words:259
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