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GRACE COMPLETES SALE OF HOMCO

 BOCA RATON, Fla., April 1 /PRNewswire/ -- W. R. Grace & Co. (NYSE: GRA) today announced the completion of the sale of the worldwide operations of Homco International, Inc. to Weatherford International Incorporated (AMEX: WII) for a cash purchase price of $97.5 million and the assumption of certain liabilities by the buyer.
 Homco, based in Houston, has annual revenues of more than $120 million and specializes in oil field services and products.
 Grace is the world's largest specialty chemicals company and holds a leadership position in specialized health care.
 -0- 4/1/93
 /CONTACT: Chuck Suits of W. R. Grace & Co., 407-362-2600 or 800-GRACE99/
 (GRA WII)


CO: W. R. Grace & Co.; Homco International, Inc.; Weatherford
 International Incorporated ST: Florida, Texas IN: OIL SU:


JB-AW -- FL005 -- 2136 04/01/93 15:05 EST
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Copyright 1993 Gale, Cengage Learning. All rights reserved.

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Publication:PR Newswire
Date:Apr 1, 1993
Words:131
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