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HARRIS CHEMICAL GROUP COMPLETES FORMATION; CREATES $456 MILLION INORGANIC CHEMICAL COMPANY

 NEW YORK, Sept. 29 /PRNewswire/ -- Harris Chemical Group Inc. (HCG) said today that it has completed its previously announced formation as a holding company for a group of inorganic chemical companies.
 The formation of Harris Chemical Group Inc. consolidates three principal subsidiaries which had combined revenue of $456 million for the fiscal year ended March 1993: North American Chemical Company, North American Salt Company and Great Salt Lake Minerals Corp.
 Through these subsidiaries, Harris Chemical Group Inc. is a producer and marketer of inorganic chemical products including salts for highway de-icing and table use, soda ash, boron chemicals and specialty potash fertilizers. The privately held company is headquartered in New York with operating headquarters in Overland Park, Kan., where its three principal subsidiaries are based.
 The Harris Chemical Group Inc. was formed by D. George Harris, who serves as its chairman and chief executive officer. Mr. Harris is a past president of SCM Corporation, SCM Chemicals and Rhone Poulenc Inc. He will continue to head D. George Harris & Associates (DGHA), a six-year-old industrial management and advisory company involved primarily in management buy-outs in the chemical industry.
 Anthony J. Petrocelli, vice chairman of DGHA, will also serve as vice chairman of HCG. He was previously president of Crystal Greetings, Inc., chief operating officer of Metropolitan Consolidated Industries, and general manager and assistant to the president of Rhone Poulenc Inc., S.A.
 Michael R. Boyce, who has served as chief operating officer for the three principal subsidiaries, will become chief operating officer of HCG. He is a former vice president and general manager of the Industrial Chemicals Division of General Chemicals, and former president of Catalyst Resources, Inc.
 NAMSCO is the result of three separate acquisitions in the United States and Canada over a two-year period (American Salt Company, Carey Salt, Inc., and the Sifto Salt Division of Domtar, Inc.). NAMSCO and its two principal subsidiaries, Sifto Canada, Inc., and Carey Salt Company, have five evaporator plants and two large rock salt mines.
 In addition, NAMSCO markets Great Sale Lake Mineral's (GSL) solar salt output. NAMSCO distributes its salt products to a wide variety of applications, including food processing, water softening, agricultural feed, highway de-icing and chemical uses.
 North American Chemical Company (NACC) is a major producer of soda ash and boron chemical products. The NACC production facilities are located in Searles Valley, Calif., and produce soda ash for the domestic market and for export around the world. Soda ash is a fundamental ingredient in glass manufacturing and is also used in chemical production, water treatment, detergents, and pulp and paper production. Boron chemical products are used to improve the strength and stability of products such as glass, fiberglass and ceramics.
 Great Salt Lake Minerals is a large producer of sulfate of potash (SOP), using an extensive solar evaporation system covering almost 40,000 acres adjacent to the Great Sale Lake in Ogden, Utah. SOP is used in specialized fertilizers for fruits, vegetables, tobacco and turfgrass. SOP applications rely on low chloride content, which characterizes the SOP extracted from the Great Salt Lake.
 -0- 9/29/93
 /CONTACT: David Allan or Brian James of Burson-Marsteller, 212-614-5163 or 212-614-5091/


CO: Harris Chemical Group Inc.; North American Chemical Company; North
 American Salt Company; Great Salt Lake Minerals Corp. ST: New York, Kansas IN: CHM SU:


LG-TW -- NY026 -- 6749 09/29/93 10:53 EDT
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Publication:PR Newswire
Date:Sep 29, 1993
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