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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
______________________
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. )
______________________
Specialty Chemical Resources, Inc.
(Name of Issuer)
Common Stock
(Title of Class
of Securities)
847487-20-4 (Common Stock)
(CUSIP Number)
Geoffrey J. Colvin
CEW Partners
45 Rockefeller Plaza
Suite 2500
New York, New York 10020
(212) 757-1544
(Name, Address and Telephone Number
of Person Authorized to Receive Notices
and Communications)
December 22, 1995
(Date of Event which Requires Filing of this Statement)
______________________
If the filing person has previously filed a statement on Schedule
13G to report the acquisition which is the subject of this
Schedule 13D, and is filing this schedule because of Rule 13d-
1(b)(3) or (4), check the following box.
Check the following box if a fee is being paid with the statement
__. (A fee is not required only if the reporting person: (1)
has a previous statement on file reporting beneficial ownership
of more than five percent of the class of securities described in
Item 1; and (2) has filed no amendment subsequent thereto
reporting beneficial ownership of five percent or less of such
class.) (See Rule 13d-7.)
Note: Six copies of this statement, including all exhibits,
should be filed with the Commission. See Rule 13d-1(a) for other
parties to whom copies are to be sent.
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1. Name of Reporting Persons
S.S. or I.R.S. Identification No. of Above Person
CEW Partners
No. 52-1496850
2. Check the Appropriate Box if a Member of a Group*
(a) N/A
(b)
3. SEC Use Only
4. Source of Funds*
WC
5. Check Box If Disclosure of Legal Proceedings Is Required
Pursuant to Items 2(D) or 2(E)
NA
6. Citizenship or Place of Organization
New York Partnership
Number 7. Sole Voting Power 232,953
of
Shares 8. Shared Voting Power
Beneficially
Owned by Each None
Reporting
Person With
9. Sole Dispositive Power 232,953
10. Shared Dispositive Power
None
11. Aggregate Amount Beneficially Owned by Each Report Person
232,953
12. Check Box if the Aggregate Amount in Row (11) Excludes
Certain Shares*
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13. Percent of Class Represented by Amount in Row (11)
5.9%
14. Type of Reporting Person*
PN
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Item 1. Security and Issuer.
Name of Company: Specialty Chemical Resources Inc.
(the "Corporation")
Common Stock
Address: 9100 Valley View Road
Macedonia, Ohio 44056
Item 2. Identity and Background.
(a) CEW Partners
(b) 30 Rockefeller Plaza
Suite 2500
New York, New York 10020
(c) Private Investor
(d)-(e) CEW Partners has not been involved in any
criminal or civil proceeding required to be
disclosed pursuant to subparagraphs (d) or
(e) of this item.
(f) CEW Partners is a New York partnership.
Item 3. Source and Amount of Funds or Other Consideration.
CEW Partners purchased the shares of the Corporation
with its working capital funds. 122,920 of the shares were
purchased on December 22, 1995 (settlement date December 28,
1995) for an aggregate of $276,570. 110,033 of the shares were
purchased more than 60 days prior to December 22, 1995 for an
aggregate of $550,165.
Item 4. Purpose of Transaction.
CEW Partners has acquired the shares of Common Stock of
the Corporation for the purpose of making a substantial
investment in the Corporation. The shares of Common Stock of the
Corporation acquired by CEW Partners are being held solely for
the purpose of investment. Such shares may be disposed of at any
time or from time to time in whole or in part. In addition, CEW
Partners may in the future acquire additional shares of Common
Stock of the Corporation.
CEW Partners does not at this time have any plans or
proposals which relate to or would result in any of the matters
described in Paragraphs (a) through (j) of Item 4.
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Item 5. Interest in Securities of the Issuer.
The aggregate number of shares of the Corporation
beneficially owned by CEW Partners is 232,953 (5.9% of the Common
Stock of the Corporation). CEW Partners has the sole power to
vote and to dispose of such shares. Of these shares 122,920 were
purchased on December 22, 1995 (settlements date December 28,
1995).
Item 6. Contracts, Arrangements, Understandings or
Relationships With Respect to Securities of the Issuer.
None
Item 7. Material to be Filed as Exhibits.
None
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SIGNATURE
After reasonable inquiry and to the best knowledge and
belief of the undersigned, the information set forth in this
statement is true, complete and correct.
Dated: December 29, 1995
CEW PARTNERS
By: /s/ Geoffrey J. Colvin
Signature
Geoffrey J. Colvin, Partner
Name/Title
[PROSKAUER ROSE GOETZ & MENDELSOHN]
(212) 969-3245
January 2, 1996
BY EDGAR
Securities and Exchange Commission
450 Fifth Street, N.W.
Washington, D.C. 20549
Re: Specialty Chemical Resources Inc.
Schedule 13D
Dear Commissioners:
We hereby electronically transmit for filing
Schedule 13D for the above-mentioned company.
Respectfully submitted,
Klaus Eppler
