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WITCO COMPLETES SALE OF CHEMPRENE

 NEW YORK, Nov. 1 /PRNewswire/ -- Witco Corporation (NYSE: WIT) announced today that it has completed the sale to CMP Acquisition Corp. of its Chemprene, Inc. subsidiary's plant and equipment at Beacon, N.Y. Chemprene manufactures lightweight belting, coated fabrics, and industrial diaphragms. The purchase price was not disclosed.
 CMP Acquisition Corporation, which is headquartered in Beacon, was formed by several members of Chemprene management and Fleet Equity Partners of Providence, R.I., for the purpose of the acquisition.
 Witco Corporation is a worldwide manufacturer of specialty chemical and petroleum products with 64 manufacturing facilities in 12 countries and a marketing organization that spans the globe. It ranks in the Fortune 250 Industrial firms and 1993 sales are expected to exceed $2.3 billion.
 -0- 11/1/93
 /CONTACT: C.R. Soderlind, senior vice president, 212-605-3813, or S.L. Levy, manager public relations, 212-605-3815, both of Witco Corporation/
 (WIT)


CO: Witco Corporation; CMP Acquisition Corp.; Chemprene, Inc. ST: New York, Rhode Island IN: OIL CHM SU: TNM

LD-RW -- NY088 -- 9365 11/01/93 17:35 EST
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Publication:PR Newswire
Date:Nov 1, 1993
Words:175
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