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HARRIS CHEMICAL NORTH AMERICA, SIFTO CANADA OFFER NOTES

 NEW YORK, Aug. 24 /PRNewswire/ -- Harris Chemical North America, Inc. and Sifto Canada, Inc. announced today that they have filed a registration statement for the offering of $200 million of senior secured notes due 2001 and $335 million of senior subordinated notes due 2003 of Harris and $100 million of senior secured notes due 2000 of Sifto.
 Net proceeds of the offerings will be used to repay existing debt and make payments to stockholders of Harris' parent company, Harris Chemical Group, Inc. The managing underwriters are Chase Securities, Inc., Goldman, Sachs & Co., Prudential Securities Incorporated and Wertheim Schroder & Co., Incorporated.
 Following a consolidation scheduled to occur in September, Harris will become a holding company whose principal subsidiaries will be North American Chemical Company, North American Salt Company (of which Sifto is a wholly owned subsidiary) and Great Salt Lake Minerals Corporation. Through these subsidiaries Harris will become a producer and marketer of inorganic chemical products, including principally salt, soda ash, boron chemicals and specialty potash fertilizers.
 A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This announcement shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to any registration or qualification under the laws of any such state.
 Copies of the prospectus, when available, may be obtained at the addresses of the underwriters in New York.
 -0- 8/24/93
 /CONTACT: David Allan or Brian James of Burson-Marsteller, 212-614-5163 or 212-614-5091/


CO: Harris Chemical North America, Inc.; Sifto Canada, Inc. ST: New York, Kansas IN: CHM SU: OFR

LG-MP -- NY012 -- 5349 08/24/93 09:26 EDT
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Publication:PR Newswire
Date:Aug 24, 1993
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