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May 10, 1994 COMPANY NEWS; INSILCO TO SELL SINCLAIR PAINT UNIT FOR $51 MILLION The Insilco Corporation agreed yesterday to sell its Sinclair Paint Company subsidiary to Grow Group Inc. for $51 million. But it said two other divisions -- its Rolodex office products business and the Curtis Manufacturing Company, a maker of computer accessories -- were no longer for sale. Insilco, based in Midland, Tex., emerged from Chapter 11 bankruptcy protection in 1993. The company said last fall that it would seek buyers for the three businesses. Grow Group is a manufacturer of chemical coatings, paints and household products based in New York. Sinclair, based in Commerce, Calif., operates 49 stores. Insilco's stock fell 50 cents, to $16.125, in Nasdaq trading, while Grow Group's shares were down 25 cents, at $15.75, on the New York Stock Exchange.

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Q: Who bought Sinclair paint?
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