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ENVIROFIL ANNOUNCES DEFINITIVE PURCHASE AGREEMENT TO ACQUIRE NEW JERSEY COMPANIES

 RADNOR, Pa., March 30 /PRNewswire/ -- Envirofil, Inc. (NASDAQ: EFIL) today announced that it has entered into a definitive agreement for the acquisition of six solid waste collection companies which operate in New Jersey.
 The acquired companies' primary business is the collection and recycling of municipal and commercial/industrial solid waste in the state of New Jersey, with consolidated annual revenues of approximately $30 million.
 David Sutherland-Yoest, Envirofil's chief executive officer, stated, "These acquisitions are consistent with the company's long-term growth strategy. The companies are established with long-standing operations in the state. This transaction, in addition to Envirofil's existing operations and the execution of a definitive agreement for the acquisition of Environmental Waste of America, Inc., as announced on March 23, is expected to result in total annual revenues of approximately $58 million."
 The combined purchase price of the New Jersey companies is approximately $17.7 million, consisting of a combination of cash and Envirofil common stock. The acquisitions are subject to the usual closing conditions including the satisfactory completion of financial and environmental due diligence and regulatory approval. This transaction is currently anticipated to close in the second half of 1993.
 /delval/
 -0- 3/30/93
 /CONTACT: Kevin R. Chernoff of Envirofil, 215-254-8833/


CO: Envirofil, Inc. ST: Pennsylvania IN: ENV SU: TNM

MJ-LJ -- PH009 -- 0936 03/30/93 10:14 EST
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Publication:PR Newswire
Date:Mar 30, 1993
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