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GENERAL ATOMICS TO PURCHASE CHEVRON CHEMICAL CO. DEICING TECHNOLOGY BUSINESS

 GENERAL ATOMICS TO PURCHASE CHEVRON CHEMICAL CO.
 DEICING TECHNOLOGY BUSINESS
 SAN DIEGO, April 15 /PRNewswire/ -- General Atomics of San Diego, has signed an agreement to buy Chevron Chemical Co.'s Deicing Technology business. The acquisition of the business includes Chevron's well-known, environmentally safe, acetate highway and runway deicers.
 "We are pleased that we have an opportunity to participate in this important and growing market," said Keith Johnson, general manager of the new organization, which will operate under the name Cryotech Deicing Technology. "It is our intention to continue to expand the business that has been carefully developed."
 General Atomics' purchase of the business provides it with a well developed and expanding product line. The purchase also positions General Atomics as a leader in the growing market of environmentally safe non-corrosive deicers.
 CMA, a simple compound of limestone and acetic acid (principal component of vinegar), was first identified by the Federal Highway Administration in response to a growing concern about the severe environmental and corrosion problems caused by road salt. Over the years, the product has gained popularity among state and local transportation departments as well as legislative and environmental groups because it is an environmentally safer alternative to salt. It has been marketed under the trade name ICE-B-GON(R).
 More recently, the technology has been extended in the development of E36(TM), for use on airport runways and in a commercial application, GS4(TM), for use in ground source heat pumps.
 "Chevron has been pleased with its success in developing the deicers," said John Peppercorn, Chevron Chemical Co. president. "But, deicers are no longer strategically linked to our targeted, core petrochemicals business."
 The business will continue to operate from its plant in Fort Madison, Iowa.
 "We plan to manage the business as it has been in the past," Johnson said. "We will market the same quality products and work to develop new products and applications."
 General Atomics is a diversified multinational technology company.
 -0- 4/15/92
 /CONTACT: Patrice Malone, 510-842-9863, for General Atomics; or Dan Walters of Chevron Chemical Co., 510-842-9865/
 (CHV) CO: General Atomics; Chevron Chemical Co. ST: California IN: CHM SU: TNM


DG-MM -- SF004 -- 8456 04/15/92 07:34 EDT
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Publication:PR Newswire
Date:Apr 15, 1992
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