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CHAMBERS SELLS NEW ENGLAND, TEXAS OPERATIONS

 PITTSBURGH, March 11 /PRNewswire/ -- Chambers Development Company, Inc., (AMEX: CDVA, CDVB) today announced that it has completed the sale of the assets of its collection, hauling and transfer operations in Massachusetts, Rhode Island and Texas to subsidiaries of Waste Management, Inc. (NYSE: WMX), of Oak Brook, Ill.
 John G. Rangos Sr., Chambers' president and CEO, said "These sales are part of Chambers' previously announced restructuring program emphasizing overhead and operating cost reductions and the dispositions of assets which are no longer part of the company's long-term strategic plans and are not integrated with disposal capacity in Chambers' waste business."
 The total sales price for all of the operations is $14.5 million, subject to typical adjustments.
 Chambers Development Company, Inc., headquartered in Pittsburgh, is a leading environmental firm offering services in landfill and transfer station development, and recycling, as well as the collection, transportation and disposal of residential, commercial, non-hazardous industrial and medical solid wastes.
 -0- 3/11/93
 /CONTACT: Jim Leonard, media, 412-244-7560, or Lew Nevins, financial, 412-244-6195, both of Chambers Development/
 (CDV WMX)


CO: Chambers Development Company, Inc.; Waste Management, Inc. ST: Pennsylvania IN: ENV SU: TNM

CD-KC -- PG008 -- 5242 03/11/93 16:23 EST
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Publication:PR Newswire
Date:Mar 11, 1993
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