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FORM 8-K
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities
Exchange Act of 1934
Date of Report: October 8, 1997
American Builders & Contractors Supply Co., Inc.
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(Exact name of registrant as specified in its charter)
Delaware 333-26991 39-1413708
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(State or other (Commission File (IRS Employer
jurisdiction of Number) Identification No.)
incorporation)
One ABC Parkway, Beloit, Wisconsin
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(Address of principal executive offices)
53511
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(Zip Code)
Registrant's telephone number, including area code: 608-362-7777
Not Applicable
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(Former name or address, if changed since last report)
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Item 5: Other Events.
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On October 8, 1997, the Company issued a press release regarding a
pending acquisition. A copy of this press release is attached hereto as Exhibit
99.1 and is hereby incorporated by reference.
Item 7: Financial Statements and Exhibits.
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(c) Exhibits
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Item Exhibit Index
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99.1 Press release dated October 8, 1997.
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SIGNATURES
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Pursuant to the requirements of the Securities Exchange Act of 1934, as amended,
the Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
Dated: October 10, 1997
American Builders & Contractors
Supply Co., Inc.
By: /s/ Kendra A. Story
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Kendra A. Story
Chief Financial Officer
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Exhibit Index
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Exhibit Page
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99.1 Press Release dated October 8, 1997 1
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Exhibit 99.1
ABC Supply Co., Inc. Executes Agreement to
Acquire Champ Industries, Inc. Roofing Distribution Group
Beloit, WI October 8, 1997 American Builders & Contractors Supply Co., Inc. is
proud to announce that it has entered into a purchase agreement to acquire five
corporations affiliated with Champ Industries, Inc. as follows:
Perfection Roofing Materials, Inc.
Marshall Roofing Supply, Inc.
United Building Supply, Inc.
SHR Roofing Supply, Inc.
Stone Metal Products, Inc.
The value of this transaction is approximately $66 million which includes the
assumption or pay-off of approximately $39 million in long-term debt. All
material conditions of the transaction were satisfied as of October 6, 1997 and
the transaction is now subject only to review under the provisions of the Hart-
Scott-Rodino Antitrust Improvements Act and due diligence to verify
representations.
Champ Industries, Inc. is a privately held company which operates as a
management company for the acquired companies. Champ organized the shareholder
groups which own the acquired companies and Champ principals are substantial
owners of the acquired companies. The acquired companies operate a network of
31 roofing distribution centers with a substantial presence in Texas,
California, Oklahoma, Kansas, and Missouri. The companies generated net sales
of $198 million and earnings before interest, taxes, depreciation and
amortization of approximately $10.5 million for the twelve months ended December
31, 1996.
ABC will continue to be the largest wholesale distributor of roofing products
and one of the largest distributors of vinyl siding materials in the United
States operating over 210 distribution centers located in 41 states. With the
acquisition of Champ's Roofing Distribution Companies, ABC will expand its
presence in three important markets, add a team of experienced roofing
distribution professionals, and expand its product lines. ABC remains focused
and committed to servicing the needs of the roofing and siding contractors by
providing a "one stop shop" with a broad selection of products at competitive
prices, distinguishing itself from mass-merchandise building supply companies.
This press release contains forward-looking statements within the meaning of
Section 27A of the Securities Act of 1993. ABC expects the transaction
referenced herein to take place on the terms set
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forth herein, however, there can be no assurance that will be the case.
Approved for release 10/8/97, 4:00 p.m. Central
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