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BETZ ANNOUNCES FOURTH QUARTER RESTRUCTURING CHARGE

 TREVOSE, Pa., Jan. 11 /PRNewswire/ -- William R. Cook, president and chief executive officer of Betz Laboratories, Inc. (NYSE: BTL), today announced that the company will take a pre-tax restructuring charge in the fourth quarter of 1993 of approximately $12.1 million, equivalent to $.24 per common share, fully diluted, on an after-tax basis.
 The charge reflects a series of actions designed to lower operating costs on a prospective basis, and includes personnel reductions, facilities consolidation, the disposition of unproductive assets, and the cost of reorganizing the company's marketing efforts on a global basis.
 "Betz continues to be fully committed to specialization and decentralization of its sales and marketing operations; however, we see an opportunity to reduce redundancy and improve efficiencies in our administrative support functions through more centralization," Cook said.
 "While savings from these actions are expected to be significant, they will be realized gradually over the next two years as the program is implemented, substantially strengthening the company's competitive position."
 On the globalization initiative, Cook stated, "These marketing efforts will result in faster growth overseas, where the company presently has a very small market share."
 Betz Laboratories, Inc., an international company headquartered in Trevose, produces and markets a wide range of engineered programs and specialty chemical products for process systems. The company's services are utilized in a variety of industrial and commercial applications, with particular emphasis on the power, chemical, petroleum refining, paper, automotive and steel industries.
 /delval/
 -0- 1/11/94
 /CONTACT: R. Dale Voncanon, vp-finance of Betz Laboratories, 215-355-3300/
 (BTL)


CO: Betz Laboratories, Inc. ST: Pennsylvania IN: SU: RCN

MP-LJ -- PH024 -- 1130 01/11/94 16:39 EST
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Publication:PR Newswire
Date:Jan 11, 1994
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