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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 8-K
Current Report Pursuant to Section 13 or 15(d) of
The Securities Act of 1934
Date of Report (Date of earliest event reported) March 10, 1997
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EVENFLO & SPALDING HOLDINGS CORPORATION
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(Exact Name of Registrant as Specified in Its Charter)
DELAWARE 333-14569 59-2439656
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(State or Other Jurisdiction of Commission (I.R.S. Employer
Incorporation or Organization) File Number Identification No.)
601 South Harbour Island Boulevard, Suite 200, Tampa, Florida 33602-3141
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(Address of Principal Executive Offices) (Zip Code)
Registrant's Telephone Number, Including Area Code: (813) 204-5200
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Item 5. Other Events.
Evenflo & Spalding Holdings Corporation announced on March 10, 1997, that
Evenflo Company, Inc. has reached a definitive agreement to acquire the
operating assets of Gerry Baby Products from Huffy Corporation for $73 million.
A copy of the News Release is incorporated by reference herein.
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SIGNATURE
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, thereunto duly authorized.
Evenflo & Spalding Holdings Corporation
(Registrant)
Date: March 21, 1997 By: /s/ W. Michael Kipphut
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W. Michael Kipphut
Vice President and Treasurer
(a Principal Financial Officer and
authorized signatory)
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NEWS RELEASE
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601 S. Harbour Island Boulevard W. Michael Kipphut
P.O. Box 30101 Vice President
Tampa, FL 33630-3101
(813) 204-5200
[EVENFLO LOGO] [SPALDING LOGO] EVENFLO & SPALDING HOLDINGS CORPORATION
EVENFLO TO ACQUIRE GERRY BABY PRODUCTS
FROM HUFFY CORPORATION
TAMPA, FLORIDA, MARCH 10, 1997 -- Evenflo Company, Inc., a leading manufacturer
of infant and juvenile products, today announced that it has reached a
definitive agreement to acquire the operating assets of Gerry Baby Products
Company from Huffy Corporation. Gerry is a major manufacturer of juvenile
products marketed under the Gerry(R) and Snugli(R) brand names.
The transaction is expected to close in the second quarter of 1997, subject to
regulatory approval.
Headquartered in Piqua, Ohio, Evenflo(R) is one of the most recognizable brand
names in infant and juvenile products and is a market share leader in reusable
baby bottles, breastfeeding equipment, car seats, stationary activity products
and car seat/stroller combinations. Gerry, based in Denver, is a market leader
in booster car seats, gates, and baths, as well as soft and frame carriers. In
addition, the companies are recognized suppliers in key areas such as high
chairs, playyards, cribs, and baby care products.
Paul Whiting, Chief Executive Officer of Evenflo & Spalding Holdings
Corporation, parent company of Evenflo, said: "Evenflo's acquisition of Gerry
supports our commitment to grow our businesses, as it will enhance Evenflo's
position as one of the leading suppliers of juvenile products in the United
States and other countries. The combined strengths will allow us to better
service our customers."
George Harris, President of Evenflo, added: "Gerry is widely recognized as one
of the leading suppliers to the juvenile products market and its diverse
product line, including Snugli soft baby carriers, fits in nicely with our
business. We look forward to working with the Company's management team and
employees to realize Gerry's significant growth potential and to continue
providing quality products to the growing juvenile products market."
Evenflo & Spalding Holdings Corporation is a leading global manufacturer and
licensor of branded consumer products serving the golf, sporting goods, infant
and juvenile product markets under the Spalding, Top-Flite, Strata, Etonic,
Dudley, and Evenflo brand names.
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