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D. GEORGE HARRIS & ASSOCIATES COMPLETES PURCHASE OF U.S. SILICA

NEW YORK, March 8 /PRNewswire/ -- D. George Harris & Associates (DGH&A), headquartered here, said it had completed the purchase of Berkeley Springs, West Virginia-based U.S. Silica from the U.S. Borax unit of RTZ Corporation.

As previously announced, U.S. Silica will continue to operate as an independent company managed by its current management team in Berkeley Springs, led by Richard E. Goodell, its president.

"U.S. Silica is an excellent extension of our existing inorganic chemical and minerals business, and gives us a platform for growth in the extractive minerals industry," said D. George Harris, who becomes the company's chairman. "We have been impressed by its commitment to customer service, and look forward to further developing this business."

Established in 1988, DGH&A is engaged in management buyouts in the international chemicals and minerals industry. Since its inception, it has created two new chemical companies through acquisition, Harris Chemical Group, a $700 million inorganic chemical and extractive minerals company, and Harris Specialty Chemicals, a $230 million manufacturer of specialty formulated chemicals for the construction, pharmaceutical and silicone industries. With U.S. Silica, total sales of the Harris companies will exceed $1 billion.
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/CONTACT: Christina Pagano of Pagano & Company, 212-684-3090/

CO: D. George Harris & Associates; U.S. Silica; RTZ Corporation ST: New York, West Virginia IN: CHM SU: TNM

HD-SH -- NYF041 -- 1636 03/08/96 13:57 EST
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Publication:PR Newswire
Date:Mar 8, 1996
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