Valhi Inc. has announced that it has agreed in principal to accept an offer from an undisclosed group to acquire Valhi's wholly owned subsidiary, The Amalgamated Sugar Co. of Ogden.

Consummation of the transaction is subject to, among other conditions, the approval of definitive agreements by the respective boards of directors and closing no later than Dec. 30.Representatives of the purchaser said that they believe Amalgamated is the premier beet sugar company in the United Statesand that the purchaser intends to retain Amalgamated's existing operating management. It is anticipated that Allan M. Lipman Jr., president of Amalgamated, will remain as Amalgamated's president and chief operating officer.