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SENT BY~ 10-20-95 :12~56PM PASHA PUBLICATIONS- 303 832 8106:# 1/ 2 <br />- ~ ,, II~IIIIIIIIIIII~III <br />O X B .O W P O W 13 A C O A P O A A T I O K <br />g, ~..- ray-~..- <br />303 ~,s_o~ll3 <br />FOR IbII~DJATE RELEASE <br />Caultact: Pamela 7nl'us <br />(407) 640 8712 <br />t' ~..~ 4t3Z <br />3 ~° ~ <br />D$ <br />OXBOW CONSOLIDATES TRADING GROUPS <br />WEST PALM BEACH -- October L0, 1995 -- Wtlliem I. Kroh, Chaixaaala of The Oxbow <br />Group, aauormced tb,e combination of Oxbow's two trading eumpaoiea, Oxbow Carbon <br />7rnmaaultlomal end Paciflo Basin Itaswrcea This oeosotidrtion is etEeetive immemately. <br />The combined aompaniea will be called the Oxbow Carbon & Iupneral Qraup (QC&M), <br />`"I71ia oonaolidatinn of out two vory aitaceatastl tteding busine8aes will allow the <br />resultlng organimtion to grow faster, to be larger and subatantisIly more proifitable than <br />either orgaaizatiorl could have been sox its own," add Koch The resulting otganiutiaD~ <br />wi3havo initial amnufl sales of a~ro~dmattly 5200 m7liatt. <br />Whiio maay of the dttiat~e of rho consolidation will bo oo~n~plotod in tho ncxt few <br />months. the rea6gatnent ofUte maaagem,eM. ofthe new entity has been finalized, <br />Bernard H. Cherry will serve as Cbdrmaa and [~tief Executive Officer of the new OC6tM <br />Ga~oup in sdditiloml to his role ns Proaidonlt and Chio£ Operating Outlioor o£ Otlbow Power <br />Corporation. Brian Acton, President ofthe Colaxedo-beaed PaoiSo Bain Rosotucea, will <br />now serve as Preaidmt sad C3ief Operating O~ioer of the mvw OCdri4l group. Roportnog <br />to Brian Acton will ba Larry Blacl~ and PetrickValentiae ae Executive Vtoe <br />brand tax transmittal memo 7671 INO~Pagrs ~ '~ ~ d>leotl=- <br />..,.,.n... L~IJ CM-~rK {a~~ 7r ~.,.~. <br />7YI.yh.n. iDTAl7.y00 R[CM7/iKD~,7 r pP /0s[wtl w7 ~Or..1 •f t~:wa <br />fi W {iDfy)17tR0A iN Fr. <br />~1 111ur C'el-<<Ca...-a1 <br />c.tCr.y z..~ti...:~tyYn <br />1. y~. ?~i.. J•ha Aa N...~wr <br />