Analytical Resources buys GTS Duratek

MARYLAND WATCH

January 19, 1996

A headline in yesterday's editions incorrectly stated that Analytical Resources Inc. bought GTS Duratek. In fact, GTS Duratek bought Analytical Resources.

The Sun regrets the error.

GTS Duratek, a Columbia-based technology company that specializes in hazardous waste disposal services, said yesterday that it has acquired Analytical Resources Inc. of Germantown.

The publicly traded company bought the radioactive waste management and environmental consulting firm from its founder, C. Paul Deltete, for an undisclosed amount.

FOR THE RECORD - CORRECTION

GTS Duratek said Mr. Deltete will remain with the company as a senior executive in charge of its environmental operations unit.

ARI, a 12-year-old company that projects revenue of $1 million this year, does consulting work for the nuclear energy industry and the Department of Energy.

GTS Duratek President Robert E. Prince said the acquisition would add senior management talent that will help it expand its business of providing technologies to convert radioactive and other hazardous wastes into environmentally safe forms. He said the deal would give GTS Duratek new opportunities to do business with the Energy Department.

Shares of GTS Duratek, which reported sales of $36 million in 1994, rose 25 cents yesterday, to $14.50.

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