SECURITIES AND EXCHANGE COMMISSION


                              WASHINGTON, DC 20549


                                    FORM 8-K

                                 CURRENT REPORT


                Pursuant to Section 13 or 15(d) of the Securities
                              Exchange Act of 1934



                                  July 6, 1994                   
                (Date of Report, date of earliest event reported)




                                    VALHI, INC.                       
             (Exact name of Registrant as specified in its charter)


              Delaware              1-5467             87-0110150     
            (State or other        (Commission         (IRS Employer
             jurisdiction of        File Number)        Identification
             incorporation)                             No.)


             5430 LBJ Freeway, Suite 1700, Dallas, TX     75240-2697  
             (Address of principal executive offices)     (Zip Code)



                                (214) 233-1700                        
              (Registrant's telephone number, including area code)



                                Not applicable                        
             (Former name or address, if changed since last report)

Item 5:  Other Events

         On July 6, 1994, the Registrant issued the press release attached
hereto as Exhibit 99.1 which is incorporated herein by reference.  The press
release relates to the announcement by the Registrant that it entered into a
Memorandum of Understanding concerning the sale of its wholly-owned subsidiary,
The Amalgamated Sugar Company. 

Item 7:  Financial Statements,  Pro Forma  Financial Information
         and Exhibits

    (c)  Exhibit

         Item No.                    Exhibit Index               

           99.1        Press release dated July 6, 1994

                       issued by the Registrant


                                   SIGNATURES


     Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.



                              VALHI, INC.
                              (Registrant)



                              By: /s/ Steven L. Watson           
                                  Steven L. Watson
                                  Vice President & Secretary



Date:  July 7, 1994

                                                                    EXHIBIT 99.1

FOR IMMEDIATE RELEASE
FOR FURTHER INFORMATION, CONTACT:

VALHI, INC.                                       SNAKE RIVER SUGAR COMPANY
William C. Timm   (214) 450-4212                  Lou Wettstein   (503) 889-6939
                                                  Rocky Trail     (208) 336-7762
THE  AMALGAMATED SUGAR COMPANY                    Myron Huettig   (208) 829-5774
Quentin R. Smelzer                                Rich Turner     (503) 372-2904
Larry L. Corry                                    Mark Duffin     (208) 343-0167
Allan M. Lipman, Jr.                              George Grant    (208) 532-4365
(801) 399-3431


     DALLAS, TEXAS . . . . .  July 6, 1994 . . . .  Valhi, Inc. announced that
it has entered into a Memorandum of Understanding concerning the sale of its
wholly-owned subsidiary, The Amalgamated Sugar Company, to the Snake River Sugar
Company, an agricultural cooperative comprised of sugarbeet growers in Idaho,
Oregon and Washington. The sales price is $325 million in cash. The transaction
is contingent upon, among other things, the Snake River Sugar Company obtaining
adequate bank financing and grower commitments, and execution of a definitive
purchase agreement. 

       George Grant, Chairman of the Growers' Cooperative stated that all
representatives on the 25 member growers "Steering Committee" enthusiastically
support the concept of grower ownership from production through the processing
and selling of sugar and by-products.  "We in agriculture should consider this
an appropriate time and a unique opportunity to ensure a profitable future for
the sugar industry in Idaho, Oregon  and Washington,  and hope that the terms of
the transaction can be finalized before the end of the year ",  said Grant.   
Lou Wettstein, Rocky Trail, and Myron Huettig, who are members of the grower
Executive Committee stated that there is broad support for this concept of
ownership. 
 
     Allan M. Lipman, Jr., Amalgamated's President predicted that the
culmination of this transaction will further strengthen and enhance the economic
impact of sugar in Idaho , Oregon and Washington.  He praised the grower
leadership for their initiative which corresponds to similar farmer movements
throughout the United States.  

     Snake River was formed by members of the Idaho Sugarbeet Growers
Association, Nyssa-Nampa Beet Growers Association, and Elwyhee Beet Growers
Association for the express purpose of acquiring Amalgamated  and  converting 
the  corporation  into  an  agricultural  cooperative.   Roy Ruff, one of the
leaders instrumental in forming the group, said that Amalgamated was the
nation's premier sugar company and that Snake River would build upon its rich
history in Idaho, Oregon and Washington.

     Valhi, Inc., headquartered in Dallas, Texas, is a diversified industrial
management company engaged in the refined sugar, forest products, fast food and
hardware products industries.  Valhi is also engaged in the chemicals and
titanium metals industries through its equity interests in two publicly-held
affiliates, NL Industries, Inc. and Tremont Corporation. Valhi's common stock is
traded on the New York and Pacific Stock Exchanges under the symbol "VHI".  

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