


                     AMDURA DETERMINES NOT TO PURCHASE SHARES OF 
                              SPRECKELS INDUSTRIES, INC.


          FOR IMMEDIATE RELEASE:

                    SOUTHBURY, CONNECTICUT, January 20, 1995.  AMDURA
          Corporation (NYSE:ADU) announced today that, in light of
          threatened legal recourse by Spreckels Industries, Inc.
          (NASDAQ/NMS:SPKL), it would not be purchasing shares of Class A
          Common Stock and warrants of Spreckels as previously announced. 
          AMDURA and Prudential-Bache Capital Partners II, had entered into
          a Stock Purchase Agreement on December 30, 1994 pursuant to which
          AMDURA was to purchase 280,000 shares of Class A Common Stock of
          Spreckels and equivalents.  In light of the hostile position
          taken by Spreckels' Board, AMDURA and the partnership elected not
          to proceed with the transaction.  

                    Fred Whitridge, Chairman of the Board of AMDURA, said
          "We are disappointed that Spreckels is unwilling to engage in
          serious discussions regarding what we and other shareholders
          believe is a very attractive opportunity for both companies, and
          are surprised at the hostility exhibited by Spreckels' Board
          toward our proposal.  We had hoped that we would have had the
          chance to work with Spreckels to fully explore the benefits of a
          merger.  Instead, they chose to reject our proposal without
          meaningful explanation and to threaten legal recourse if we were
          to acquire additional Spreckels shares, exercise various rights
          as a Spreckels stockholder or take any action in furtherance of a
          business combination with Spreckels." 

                    AMDURA's merger proposal was outlined in a January 4,
          1995 letter to the Spreckels Board.  Under the proposal, the two
          companies would be combined in a tax-free exchange of stock, as a
          result of which (based solely on outstanding shares),
          stockholders of Spreckels and AMDURA would have held
          approximately 58% and 42% of the outstanding common stock of the
          combined entity, respectively.  

                    Mr. Whitridge continued, "Given our proposal, we
          thought that an investment in Spreckels was both an attractive
          investment and a meaningful expression of our conviction that a
          merger of the two companies made good sense.  There are
          significant marketing and operational synergies of the materials
          handling divisions of both companies which could lead to improved
          sales, margins and shareholder values.  AMDURA remains very
          interested in pursuing a merger along the lines that it had
          proposed.  In light of the unreasonably hostile position taken by
          Spreckels' Board, however, we think that it would be wrong for
          AMDURA to both expend funds to make an investment in Spreckels
          and at the same time commit to expend further financial and other
          resources to fight the spurious legal battle over AMDURA's
          ability to promote its proposal."
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                    AMDURA Corporation, headquartered in Southbury,
          Connecticut, operates primarily through two subsidiaries, The
          Crosby Group, Inc. and The Harris Waste Management Group, Inc. 
          Crosby, headquartered in Tulsa, Oklahoma, designs and
          manufactures lifting equipment, hardware and accessories for use
          in energy, construction, manufacturing, marine and transportation
          applications.  Harris, headquartered in Peachtree City, Georgia,
          is engaged in manufacturing and marketing equipment for plastic,
          paper and ferrous and non-ferrous scrap metal processing, as well
          as waste recycling and solid waste disposal.

                                        # # #

          FOR FURTHER INFORMATION, CONTACT:

          C. David Bushley, Chief Financial Officer
          Phone:  (203) 262-0570
