SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) April 20, 1998
DIAMOND HOME SERVICES, INC.
(Exact name of registrant as specified in charter)
Delaware 0-20829 36-3886872
(State of other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
222 Church Street, Woodstock, Illinois 60098
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (815) 334-1414
N/A
(Former name or former address, if changed since last report)
Item 5. OTHER EVENTS
On April 20, 1998, the Registrant issued a press release, a copy of which is
attached as Exhibit 99.1 to this Form 8-K and incorporated herein by reference.
Item 7. FINANCIAL STATEMENTS AND EXHIBITS
(c) Exhibits
99.1 Press release dated April 20, 1998 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.
DIAMOND HOME SERVICES, INC.
Date: April 24, 1998 By: /s/ Richard G. Reece
Richard G. Reece
Vice President and
Chief Financial Officer
Exhibit 99.1
DIAMOND CLOSES REEVES ACQUISITION TO DOUBLE ITS SIZE
WOODSTOCK, Ill.-- April 20, 1998--Diamond Home Services, Inc. (NASDAQ:DHMS)
today announced it finalized the pending acquisition of Reeves Southeastern
Corporation, which was first announced on March 6, 1998.
Reeves Southeastern, headquartered in Tampa, Florida, is one of the largest
manufacturers and distributors of fencing and perimeter security products to the
industrial and residential markets in the US. Reeves Southeastern, which posted
$122 million in revenues for fiscal year 1997, operates 31 distribution centers
in 20 states. Through its wholly-owned subsidiary, Foreline Security, it sells
and installs integrated security systems and solutions and security monitoring
services.
The terms of the acquisition are the same as previously announced with a
purchase price of approximately $34 million in cash and short-term notes in
addition to long-term notes of indeterminable value of up to $8 million.
Diamond Home Services, Inc. is a leading national marketer and contractor of
installed home improvement products, including roofing systems, gutters, doors
and fencing. The Company markets its home improvement products and services
directly to consumers primarily under the ``SEARS'' name. Through its finance
subsidiary, Marquise Financial Services Inc., the Company also offers financing
to its customers. The Company has 70 sales offices located in major cities
across the U.S., providing the Company with a presence in markets covering
approximately 80% of the owner-occupied households in the U.S.
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Contact:
Diamond Home Services, Inc.
Richard G. Reece, 815/334-1414
or
The Investor Relations Company
Tom Laughran, 847/564-5610
