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[NOBLE INTERNATIONAL, LTD. LOGO]
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): September 6, 2000
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NOBLE INTERNATIONAL, LTD.
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(Exact name of registrant as specified in its charter)
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Delaware 001-13581 38-3139487
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(State or other jurisdiction (Commission File Number) (IRS Employer Identification No.)
of incorporation)
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20101 Hoover, Detroit, Michigan 48205
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (313) 245-5600
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(Former name or former address, if changed since last report)
20101 Hoover Road - Detroit, Michigan 48205 - (313)245-5600 - Fax (313)245-5640
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[NOBLE INTERNATIONAL, LTD. LOGO]
ITEM 2. ACQUISITION OR DISPOSITION OF ASSETS.
On September 6, 2000, Noble International, Ltd. (the "Company"),
through its wholly owned subsidiary, Noble Holdings, Ltd., a Michigan
corporation ("NH") consummated the acquisition of all of the outstanding capital
stock of Assured Transportation & Delivery, Inc., a California corporation
("ATD") and Central Transportation & Delivery, Inc., a Delaware corporation
("CTD"), through a purchase from all of the shareholders of ATD and CTD. The
aggregate consideration paid for the purchase of ATD and CTD (collectively the
"ATD/CTD Acquisition") consisted of Eight Million Nine Hundred Thousand Dollars
($8,900,000), less the amount of certain assumed liabilities. In addition, the
selling shareholders may earn a one-time performance premium based upon the
results of operations for calendar year 2001.
ATD/CTD provides dedicated delivery services of auto parts from
stocking dealers to the retailers and auto dealers of those parts. ATD/CTD also
distributes pharmaceuticals and pharmaceutical supplies to health care
facilities and extended care facilities. ATD/CTD has approximately 1,200
employees, operating from eighteen branches in eleven states. The Company
intends to continue to operate the business in substantially the same manner.
The Company used monies available under its secured revolving credit
facility with Comerica Bank to fund the acquisition.
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[NOBLE INTERNATIONAL, LTD. LOGO]
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS.
(c) Exhibits.
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2.1 Share Purchase Agreement among Noble Holdings, Ltd.
and Assured Transportation & Delivery, Inc., Central Transportation & Delivery,
Inc., Behnam Haeri and Bart Bement dated September 6, 2000.
SIGNATURE
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.
NOBLE INTERNATIONAL, LTD.,
a Delaware corporation
(Registrant)
Date: September 21, 2000 By:
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Michael C. Azar
Secretary and General Counsel
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Exhibit Index
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Exhibit No. Description
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2.1 Share Purchase Agreement among Noble Holdings,
Ltd. and Assured Transportation & Delivery, Inc.,
Central Transportation & Delivery, Inc., Behnam
Haeri and Bart Bement dated September 6, 2000.
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