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TRANSAMERICAN WASTE ANNOUNCES EXCHANGE OF INTEREST

 TRANSAMERICAN WASTE ANNOUNCES EXCHANGE OF INTEREST
 HOUSTON, Oct. 22 /PRNewswire/ -- TransAmerican Waste Industries,


Inc. (NASDAQ/NMS: WSTE) announced today that it has completed an exchange of all of the outstanding stock of M.A. Oliver, a wholly-owned subsidiary, in return for a minority interest in McGinnes Bros., Inc. TransAmerican believes that the combined resources of M.A. Oliver and McGinnes Bros. will allow them to compete successfully for larger construction projects and enhance the value of the company's investment.
 McGinnes Bros. is a 57 year old company specializing in general construction, excavation and remediation services. Its customers include clients in the waste management, chemical and petrochemical industries.
 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, 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 in the NASDAQ National Market System under the NASDAQ symbol WSTE.
 -0- 10/22/92
 /CONTACT: Tommy Fatjo, vice-president of TransAmerican Waste Industres, Inc., 713-956-1212/
 (WSTE) CO: TransAmerican Waste Industries, Inc.; M.A. Oliver ST: Texas IN: SU:


LR -- NY137 -- 3880 10/22/92 17:28 EDT
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Publication:PR Newswire
Date:Oct 22, 1992
Words:209
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