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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
______________________
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) September 25, 1995
Ethyl Corporation
(Exact name of registrant as specified in its charter)
Virginia 1-5112 54-0118820
(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
330 South Fourth Street, Richmond, Virginia 23219
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (804) 788-5000
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Item 5. Other Events
On September 25, 1995, Ethyl Corporation issued a press release,
a copy of which is attached hereto as Exhibit 99, in which it announced an
agreement to acquire the lubricant additives business of Texaco Inc.
Item 7. Financial Statements and Exhibits,
(c) Exhibits.
99 Press Release dated September 25, 1995.
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934,
the Registrant has duly caused this report to be signed on its behalf by
the undersigned thereunto duly authorized.
ETHYL CORPORATION
(Registrant)
Date: September 25, 1995 By: /s/ Charles B. Walker
Name: Charles B. Walker
Title: Vice Chairman of the Board,
Chief Financial Officer
and Treasurer
(Principal Financial Officer)
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EXHIBIT INDEX
Exhibit Number and Description
99 Press Release dated September 25, 1995.
<PAGE> 5 EXHIBIT 99
FOR IMMEDIATE RELEASE:
Richmond, Va., September 25 -- Ethyl Corporation (NYSE: EY)
announced today that it had signed an agreement to purchase the
worldwide lubricant additives business of Texaco Inc. Terms of the
transaction were not disclosed.
Ethyl said the purchase, which is subject to approval by
appropriate regulatory authorities and antitrust review under the
Hart-Scott-Rodino Act, should be completed by the end of this year.
Texaco's lubricant additives business had about $350 million in
sales in 1994. Ethyl's sales in 1994 were $1.019 billion. Texaco's
products include lubricating oil additives, which are blended into
automotive crankcase oil, transmission and hydraulic fluids, gear
oils, industrial engine oils and general industrial and metal working
oils. Texaco's three additives plants are located in Port Arthur,
Texas, Ghent, Belgium, and Rio de Janeiro, Brazil, and currently
employ about 450 people.
Bruce C. Gottwald, Ethyl's chairman and chief executive officer,
said: "The agreement to purchase Texaco's lubricant additives business
further enhances Ethyl's leadership position in the petroleum additives
industry. Texaco's line of products and its technology base will
compound Ethyl's ability to serve its customers even more effectively."
Ethyl Corporation, headquartered in Richmond, Va., develops,
manufactures and blends performance-enhancing fuel and lubricant
additives marketed worldwide to refiners and others who sell petroleum
products for use in transportation and industrial equipment.
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