	dresser di to sell unit to rosenkranz and co dresser industries inc said it signed a definitive agreement to sell its reliance standard life insurance co to rsl holding co inc a subsidiary of the privately held new york based investment firm of rosenkranz and co terms were not undisclosed philadelphia based reliance earned mln dlrs on sales of mln dlrs in dresser said it will use the proceeds from the sale for stock repurchases debt reduction and possibly complementary uisitions in the field of engineered products and services for energy producers reuter 
