Item 4.   Changes in Registrant's Certifying Accountant

     a.   Ernst & Young LLP was previously the principal auditors
          for the Unimar Company.  On November 15, 1995, that
          firm's appointment as principal auditors was terminated
          and KPMG Peat Marwick LLP was engaged as principal
          auditors.  The decision to change auditors was approved
          by the Unimar Company's Management Board.

     b.   In connection with the audits of each of the two years
          ended December 31, 1994, and in the subsequent interim
          period through September 30, 1995, there were no
          disagreements with Ernst & Young LLP on any matter of
          accounting principles or practices, financial statement
          disclosure, or auditing scope or procedures, which
          disagreements if not resolved to their satisfaction would
          have caused them to make reference in connection with
          their opinion to the subject matter of the disagreement.

     c.   The audit reports of Ernst & Young LLP on the
          consolidated financial statements of the Unimar Company
          and subsidiaries as of and for the years ended December
          31, 1994 and 1993, did not contain any adverse opinion or
          disclaimer of opinion, nor were they qualified or
          modified as to uncertainty, audit scope, or accounting
          principles.  A letter from Ernst & Young LLP is attached
          as Exhibit (16)-1.

Item 7.   Financial Statements and Exhibits

          Attached hereto as Exhibit (16)-1 is a letter from Ernst
          & Young LLP to the Securities and Exchange Commission,
          dated November 15, 1995.

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

                                  UNIMAR COMPANY




                                  By:  /S/  GEORGE W. BERKO
                                      George W. Berko
                                      Member of the Management
                                      Board
                                      (principal financial officer
                                      and the officer duly
                                      authorized to sign on behalf
                                      of the registrant.)


DATE:  November 15, 1995