CPC <CPC> TO SELL UNIT TO HI-PORT <HIPT>
CPC International Inc
said it has agreed in principle to sell its Peterson/Puritain
Inc subsidiary to Hi-Port Industries Inc.
    CPC said the sale is not expected to have a significant
impact on its earnings and is subject to approval by boards of
both companies.  Terms were not disclosed.
    Peterson/Purittan is a contract packager of personal care
and household products.
 Reuter
