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NSC COMPLETES ACQUISITION OF ASBESTOS ABATEMENT DIVISION OF BRAND; $50 MILLION CREDIT FACILITY ESTABLISHED

 BOSTON, May 6 /PRNewswire/ -- NSC Corporation (NASDAQ: NSCC), today announced that its acquisition of the asbestos abatement division of The Brand Companies, Inc. was completed on Tuesday, May 4, 1993. Concurrent with this transaction the company also entered into a 3-year $50,000,000 revolving credit facility with The First National Bank of Boston and Fleet Bank of Massachusetts.
 Commenting on the combination of NSC's and Brand's asbestos abatement operations, Anthony Mesiti, president and CEO, said, "This transaction has made our company the leading provider of asbestos abatement services in the United States and has positioned NSC to capture increased market share as we leverage our combined financial and operational strengths and efficient cost structure in this $3 billion industry. The combination of NSC's and Brand's asbestos abatement businesses in a period of significant consolidation in the industry, together with the creation of this singularly-focused and operationally disciplined enterprise should set the stage for substantially enhanced performance for the 'new' NSC over the next several years."
 NSC Corporation is an environmental services company, providing asbestos abatement and other services to a broad range of commercial and industrial clients and government agencies throughout the United States. OHM Corporation and The Brand Companies, Inc. each own a 41 percent equity interest in NSC Corporation.
 -0- 5/6/93
 /CONTACT: Gene J. Ostrow, vice president-chief financial officer, NSC Corporation, 508-686-6417/
 (NSCC)


CO: NSC Corporation ST: Ma IN: ENV SU: TNM

DJ -- NE001 -- 5185 05/06/93 07:59 EDT
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Publication:PR Newswire
Date:May 6, 1993
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