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STERLING TO PURCHASE NOVACOR'S SALES OFFICE

 HOUSTON, Sept. 20 /PRNewswire/ -- Sterling Chemicals, Inc. (NYSE: STX) and Novacor Chemicals Inc. announce the signing of a letter of intent pursuant to which Sterling would acquire Novacor's European styrene monomer marketing,
sales and distribution business. The letter was signed on Sept. 7, 1993 and contemplates a brief due diligence period with closing prior to the end of the year. During the interim period, Novacor will act as Sterling's agent for the sale of styrene monomer in Europe.
 Robert W. Roten, executive vice president of Sterling, said, "The acquisition of Novacor's European sales and distribution network will provide Sterling a direct presence in Europe and will offer Sterling an excellent opportunity to increase its sales of styrene monomer worldwide."
 Sterling Chemicals, Inc. is headquartered in Houston, and its stock trades on the New York Stock Exchange under the symbol STX.
 -0- 9/20/93
 /CONTACT: J. David Heaney of Sterling Chemicals, Inc., 713-650-3700/
 (STX)


CO: Sterling Chemicals, Inc. ST: Texas IN: CHM SU: TNM

SM -- NY105 -- 3883 09/20/93 17:34 EDT
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Publication:PR Newswire
Date:Sep 20, 1993
Words:173
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