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OCTEL ACQUIRES REMAINING FIFTY PERCENT IN ITS FRENCH AFFILIATE

 OCTEL ACQUIRES REMAINING FIFTY PERCENT
 IN ITS FRENCH AFFILIATE
 WEST LAFAYETTE, Ind., July 31 /PRNewswire/ -- Great Lakes Chemical Corporation (NYSE: GLK) today announced the company's Octel Associates affiliate has purchased the remaining 50 percent interest in the Octel Kuhlmann antiknock business for approximately $21 million.
 Octel acquired the 25 percent stake that Rhone-Poulenc and Elf- Atochem each held in Octel Kuhlmann, a French-based company which posted sales in 1991 exceeding $92 million. Octel Kuhlmann operates a manufacturing plant in Paimboeuf which produces antiknock compounds for motor fuels.
 Great Lakes Chemical Corporation, a Fortune 500 company, is the world's leading producer of bromine, brominated chemicals and furfural derivatives for such applications as flame retardants, agriculture, oil and gas well completion fluids, water sanitizers and other specialty applications. The stock of the company is traded on the New York Stock Exchange.
 -0- 7/31/92
 /CONTACT: David R. Bouchard or Gregory J. Griffith, both of Great Lakes Chemical Corporation, 317-497-6100/
 (GLK) CO: Great Lakes Chemical Corporation ST: IND IN: CHM SU: TNM


KK -- CL010 -- 5528 07/31/92 10:48 EDT
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Publication:PR Newswire
Date:Jul 31, 1992
Words:179
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