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GROWTH ENVIRONMENTAL PURCHASES ENVIRONMENTAL RESTORATION GROUP

 WESTMONT, Ill., Aug. 3 /PRNewswire/ -- Alvin K. Eaton, chief executive officer of Growth Environmental, Inc. (GEI), announced today the execution of a non-binding letter of intent providing for the purchase of selected assets, including existing contracts and on-going work, of Environmental Restoration Group, Inc. (ERG). ERG is an environmental consulting firm located in Mt. Pleasant, Mich.
 Eaton commented that "the planned transaction between our companies represents another step forward in our strategy of consolidating the mid to small size environmental engineering/consulting firms. The ERG operations will be melded into our existing division in Mt. Pleasant, Michigan which was acquired June 1, 1993."
 This acquisition is expected to be for a combination of cash and stock, but specific terms were not announced. Closing is subject to completion of customary due diligence and execution of a definitive agreement.
 -0- 8/3/93
 /CONTACT: Alvin K. Eaton, chief executive officer, 708-986-8522, of Growth Environmental, Inc./


CO: Growth Environmental, Inc.; Environmental Restoration Group, Inc. ST: Illinois; Michigan IN: ENV SU: TNM

TJ -- MN011 -- 8956 08/03/93 14:01 EDT
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Publication:PR Newswire
Date:Aug 3, 1993
Words:177
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