SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities
Exchange Act of 1934
September 19, 1995
(Date of Report, date of earliest event reported)
VALHI, INC.
(Exact name of Registrant as specified in its charter)
Delaware 1-5467 87-0110150
(State or other (Commission (IRS Employer
jurisdiction of File Number) Identification
incorporation) No.)
5430 LBJ Freeway, Suite 1700, Dallas, TX 75240-2697
(Address of principal executive offices) (Zip Code)
(214) 233-1700
(Registrant's telephone number, including area code)
Not applicable
(Former name or address, if changed since last report)
Item 5: Other Events
On September 19, 1995, the Registrant issued the press release
attached hereto as Exhibit 99.1 which is incorporated herein by reference.
Item 7: Financial Statements, Pro Forma Financial Information
and Exhibits
(c) Exhibit
Item No. Exhibit Index
99.1 Press release dated September 19, 1995
issued by the Registrant
SIGNATURES
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 hereunto duly authorized.
VALHI, INC.
(Registrant)
By: /s/ Steven L. Watson
Steven L. Watson
Vice President & Secretary
VALHI TO INVEST IN WASTE TREATMENT BUSINESS
DALLAS, TEXAS . . . September, 19, 1995 . . . Valhi,
Inc. (NYSE:VHI) announced today that it has signed a letter of
intent to purchase a 50% interest in a joint venture with Ken
Bigham that will own Waste Control Specialists, Inc. (WCS). WCS
has obtained permits for handling substantially all hazardous
waste with RCRA and TSCA waste codes. WCS intends before the end
of 1995 to commence construction at a 16,000 acre site in Andrews
County, Texas, of an 11,274,000 cubic yard landfill. The facility
will include two distinct 637,000 cubic yard condominium cells and
is expected to be operational in 1996. The landfill is designed
to be a state-of-the-art facility that will utilize advanced
technology for the testing, characterization, storage and disposal
of hazardous waste.
Valhi expects to invest $25 million for its 50%
interest. WCS will continue to be managed by its CEO, Ken Bigham.
Mr. Bigham has over 15 years of experience in the business of
environmental waste management, having built a substantial
hazardous waste storage business that was based in Texas and
subsequently sold to a publicly-held company in the environmental
waste business.
The transaction is subject to, among other things,
completion of due diligence and approval of Valhi's Board of
Directors.
Valhi, Inc., is a diversified company which engages in
chemicals, refined sugar, building products and other businesses.
