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):
August 31, 1999
JLM INDUSTRIES, INC.
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(Exact Name of Registrant as Specified in its Charter)
DELAWARE 0-22687 06-1163710
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(State or Other (Commission (I.R.S. Employer
Jurisdiction) File Number) Identification No.)
8675 HIDDEN RIVER PARKWAY, TAMPA, FL. 33637
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(Address of Principal Executive Office) (Zip Code)
(813) 632-3300
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(Registrant's telephone number, including area code)
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Item 5. Other Events
Effective August 31, 1999 (the "Acquisition Date"), a certain subsidiary of
JLM Industries, Inc. ("JLM" or the "Company") purchased from Imperial Chemicals
Industries PLC ("ICI PLC") (i) all of the assets and liabilities of ICI PLC's
Colours and Industrial Chemicals Division of ICI South Africa and (ii) the
majority shares of ICI South Africa Mozambique Limitada (the "Acquired
Companies"). The Acquired Companies will be operated under JLM's subsidiary, JLM
Industries (South Africa) PTY. The total purchase price for the Acquired
Companies was $4.4 million and was funded by the Company's available acquisition
line of credit. The purchase price is subject to final audit adjustments.
The Acquired Companies are a supply chain management based distribution
business that market a broad range of high quality specialty and commodity
chemicals to target markets, including surface coatings, textiles, chemical
manufacturing, refractory and rigid packing. The Acquired Companies operate from
modern leased facilities in Durban, Johannesburg, Capetown, Port Elizabeth and
Maputo, South Africa. The acquisition will be accounted for under the purchase
method in accordance with generally accepted accounting principles.
Item 7. Financial Statements and Exhibits.
1. Financial statements and exhibits filed herewith: Not applicable.
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SIGNATURES
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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.
JLM INDUSTRIES, INC.
Dated: September 16, 1999
By: /s/ JOHN L. MACDONALD
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John L. Macdonald
President and Chief Executive Officer
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