TRANSAMERICAN WASTE ACQUIRES INLAND PRODUCTS
TRANSAMERICAN WASTE ACQUIRES INLAND PRODUCTS HOUSTON, Nov. 2 /PRNewswire/ -- TransAmerican Waste Industries, Inc.
(NASDAQ: WSTE) announced today that it has completed the acquisition of Inland Products, Inc., a non-hazardous waste disposal company located in Kilgore, Texas.
Inland Products specializes in the recovery and reclamation of usable products taken from the bottom of aboveground storage tanks, open pits and other containment structures employed in the oil exploration and production industry. Inland processes the materials and recovers pipeline grade crude oil and other products and sells them in the open market. For the 12 months ended Dec. 31, 1991, Inland had revenues of approximately $1,500,000. The acquisition of Inland Products by TransAmerican was completed through an exchange of stock. TransAmerican Waste Industries, Inc. is engaged in a variety of waste management activities including the processing and disposal of wastewater sludge, construction of special waste disposal sites and environmental engineering, consulting and design of water pollution control equipment. TransAmerican is also aggressively pursuing acquisitions in the solid waste management industry. The company's common stock is traded on the NASDAQ National Market system under the symbol WSTE. -0- 11/2/92 /CONTACT: Tommy Fatjo, vice president of TransAmerican Waste Industries, Inc., 713-956-1212/ (WSTE) CO: TransAmerican Waste Industries, Inc.; Inland Products, Inc. ST: Texas IN: SU: TNM
LR -- NY071 -- 1683 11/02/92 14:37 EST
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|Date:||Nov 2, 1992|
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