Altex Industries Inc said it agreed to sell the assets of its wholly-owned oilfield service subsidiary Parrish Oil Tools Inc. The price and buyer were not disclosed. Altex said Parrish had a loss from operations of 428000 dlrs on revenues of 881000 dlrs in fiscal 1986 and a loss from operations of 48000 dlrs on revenues of two mln dlrs in fiscal 1985.
ALTEX <AII> TO SELL OILFIELD SERVICES ASSETS