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ARCADIAN CORPORATION AND HICKSON KERLEY, INC. SIGN LETTER OF INTENT FOR TRIAZONE BUSINESS

 MEMPHIS, Tenn., Nov. 19 /PRNewswire/ -- Arcadian Corporation, the general partner of Arcadian Partners, L.P. (NYSE: UAN), and Hickson Kerley, Inc. announced today that they have singed a letter of intent for the sale of Arcadian Corporation's controlled-release nitrogen fertilizer business, known in the industry as "Triazone," to Hickson Kerley.
 Triazone manufactures through third parties and markets proprietary, controlled-release nitrogen fertilizers and micronutrients utilized in the turf and specialty foliar fertilizer industries.
 In connection with the sale, Arcadian Fertilizer, L.P., the operating limited partnership of Arcadian Partners, L.P., will continue to market Triazone products as a distributor for Hickson Kerley.
 Doug Campbell, president and chief executive officer of Arcadian Corporation, said, "The transaction represents an opportunity for the Triazone business to grow as part of a company that has specialty fertilizers as a core business and provides Arcadian and its customers with continued access to Triazone products as they develop and gain wider acceptance in the market place."
 The purchase of Triazone fits well into Hickson Kerley's long-range strategy to grow its specialty products business and to reduce its dependency on commodity chemicals. Hickson Kerley's President, Don Dean, said, "The acquisition of Triazone is attractive to Hickson Kerley because of the synergies between the Triazone products and our current line of sulfur and potassium based products." Trial combining Hickson Kerley's potassium thiosulfate and various Triazone products have shown significant yield increases over conventional fertilizer programs.
 The transaction is subject to the execution of definitive agreements and various other conditions and is expected to close in the fourth quarter of 1993.
 Arcadian Corporation is the general partner of Arcadian Partners, L.P., a leading United States producer and worldwide marketer of nitrogen-based fertilizers and related products.
 Hickson Kerley, Inc. is part of Hickson International PLC based in Leeds, England.
 -0- 11/19/93
 /CONTACT: Deborah A. Howard, manager-Investor Relations, of Arcadian Corporation, 901-758-5366, or Donald K. Dean, president, of Hickson Kerley, 602-528-0600/
 (UAN)


CO: Arcadian Corporation; Arcadian Partners, L.P.; Hickson Kerley, Inc. ST: Tennessee IN: CHM AGR ENV SU: TNM

SB-MM -- CH003 -- 6539 11/19/93 12:36 EST
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Publication:PR Newswire
Date:Nov 19, 1993
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