CPC &lt;CPC> TO SELL UNIT TO HI-PORT &lt;HIPT>

  CPC International Inc
  said it has agreed in principle to sell its Peterson/Puritain
  Inc subsidiary to Hi-Port Industries Inc.
      CPC said the sale is not expected to have a significant
  impact on its earnings and is subject to approval by boards of
  both companies.  Terms were not disclosed.
      Peterson/Purittan is a contract packager of personal care
  and household products.
  

