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DIBRELL AND STANDARD COMMERICAL COMBINED SALES OF $2.3 BILLION

 DANVILLE, Va., March 29 /PRNewswire/ -- The recently announced merger between Dibrell Brothers, Incorporated (NASDAQ: DBRL), Danville, Va., and Standard Commerical Corporation (NYSE: STW), Wilson, N.C., will create a new company with annual sales of approximately $2.3 billion based on results for calendar year 1992.
 Non-tobacco revenues of over $700 million, primarily from Dibrell's cut flower business and Standard Commercial's wool business, supplement the nearly $1.6 billion in tobacco sales recorded by the two companies last year.
 The major leaf tobacco markets from which both Dibrell and Standard export significant quantities of tobacco to manufacturers around the world include the United States, Brazil, Malawi, Argentina, Zimbabwe, Greece and Turkey.
 -0- 3/29/93
 /CONTACT: J.O. Hunnicutt of Dibrell Brothers, Incorporated, 804-791-0151/
 (DBRL STW)


CO: Dibrell Brothers, Incorporated; Standard Commerical Corporation ST: North Carolina, Virginia IN: TOB SU: TNM

MM -- CH011 -- 0649 03/29/93 15:56 EST
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Publication:PR Newswire
Date:Mar 29, 1993
Words:150
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