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UNOCAL ANNOUNCES DISCUSSIONS ARE UNDER WAY WITH POTENTIAL BUYERS FOR PUREGRO COMPANY SUBSIDIARY

 UNOCAL ANNOUNCES DISCUSSIONS ARE UNDER WAY
 WITH POTENTIAL BUYERS FOR PUREGRO COMPANY SUBSIDIARY
 LOS ANGELES, June 24 /PRNewswire/ -- Unocal Corporation (NYSE: UCL) today said that discussions are under way with potential buyers for its Sacramento-based PureGro Company subsidiary.
 Neal E. Schmale, Unocal senior vice president, petroleum products and chemicals, said the move is part of Unocal's continued asset restructuring.
 "PureGro has been a profitable operation," said Schmale. "However, our strategy has been to redeploy assets to enhance profitability and cash flow by concentrating on our core businesses. These are oil and gas production, refining and marketing in the West, and our wholesale fertilizer operations."
 The PureGro Company markets and distributes a full line of fertilizers and crop protection materials through 41 farm service outlets in Washington, Oregon, Idaho, Utah, Illinois, California and Arizona.
 -0- 6/24/92
 /CONTACT: James H. Bray of Unocal, 213-977-5390/
 (UCL) CO: Unocal Corporation ST: California IN: OIL SU: TNM


CH -- LA013 -- 3279 06/24/92 12:05 EDT
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Publication:PR Newswire
Date:Jun 24, 1992
Words:163
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