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SALE OF NALCO SUBSIDIARIES COMPLETED

 SALE OF NALCO SUBSIDIARIES COMPLETED
 NAPERVILLE, Ill., June 30 /PRNewswire/ -- Nalco Chemical Company


(NYSE: NLC) announced that it has completed the sale of its wholly owned subsidiaries, the Penray Companies, to PR Acquisition Corporation, whose ownership includes former Nalco managers. Terms of the sale were not announced.
 The Penray Companies include Penray Company, which produces and markets automotive products that improve the performance, reliability and appearance of automobiles; X Laboratories, Inc., which produces automotive aftermarket products under the Super X brand name; and U. S. Packaging Corporation, which acts as a contract packager.
 Also included in the sale is Nalco's Power Fleet business in the U.S. and Canada, which sells additives for cooling systems and fuels to the heavy duty diesel transportation markets.
 The sale of the Penray Companies fits Nalco's long-range plan to concentrate on its core water, process and wastewater treatment businesses.
 Nalco Chemical Company is the world's largest producer of water, process and wastewater treatment chemicals. It ranks 277 on Fortune magazine's list of the 500 largest U.S. industrial corporations. The company sells chemicals and services for water, process and wastewater treatment, pollution control, oil production and refining, papermaking, mining and mineral processing, metalworking, petrochemicals and other industrial processes. Nalco products and services are marketed in more than 130 countries and major manufacturing facilities are located throughout the world.
 -0- 6/30/92
 /CONTACT: Paul Cholette, 708-305-1147, or Charles A. Goding, 708-305-1276, both of Nalco Chemical/
 (NLC) CO: Nalco Chemical Company ST: Illinois IN: CHM SU:


SM -- NY064 -- 5188 06/30/92 12:57 EDT
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Publication:PR Newswire
Date:Jun 30, 1992
Words:260
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