PENNWALT <PSM> TO MAKE ACQUISITION
Pennwalt corp said it has agreed in
principle to acquire a line of fungicides, insecticides and
herbicidesand related manufacturing facilities from Le
Raffineries de Soufre Reunies of Marseilles for undisclosed
terms, subject to approval by bothe boards and government
authorities.
    The company said the acquired products are sold mostly in
FRance for use on grapevines, wheat and sugar beets and sales
are about 40 mln dlrs annually.
 Reuter
