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UNITED STATES
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 EXCHANGE ACT OF 1934
Date of report: January 14, 1999
NEENAH FOUNDRY COMPANY
(Exact name of registrant as it appears in its charter)
Wisconsin 39-1580331
(State or other jurisdiction of (IRS Employer ID Number)
Incorporation or organization)
333-28751
(Commission File Number)
2121 Brooks Avenue, P.O. Box 729, Neenah, Wisconsin 54957
(Address of principal executive offices) (Zip Code)
(920) 725-7000
(Registrant's telephone number, including area code)
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ITEM 5. OTHER EVENTS.
On December 31, 1998, Neenah Foundry Company (the "Company") completed
its acquisition (the "Acquisition") of Niemin Porter & Co., a California
corporation d/b/a Cast Alloys, Inc. ("Cast Alloys") and its subsidiary,
International Golf, S.A. de C.V., a corporation organized under the laws of the
United Mexican States ("International Golf"). Pursuant to the Acquisition, the
Company purchased 100% of the capital stock and capital stock equivalents of
Cast Alloys from the stockholders, option holders and warrant holders of Cast
Alloys for aggregate consideration of $42 million in cash, subject to a
post-closing adjustment. The Acquisition was financed out of a portion of the
proceeds of the issuance of the Company's 11 1/8 Senior Subordinated Notes due
2007 issued on November 24, 1998.
Cast Alloys' principal business is the manufacture of investment-cast
titanium and stainless steel golf club heads. Cast Alloys operates out of three
principal facilities in Chatsworth, California, Carlsbad, California and
Northridge, California. Cast Alloys' wholly owned subsidiary, International Golf
operates as a cost center for Cast Alloys and is also principally involved in
the manufacture of investment-cast titanium and stainless steel golf club heads.
International Golf operates out of three facilities located in Tijuana, Baja
California, Mexico. Cast Alloys will be operated as a wholly owned subsidiary of
the Company under the direction of the Company's management.
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.
NEENAH FOUNDRY COMPANY
January 14, 1999 By: /s/ Gary W. LaChey
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Name: Gary W. LaChey
Title: Vice President-Finance,
Secretary and Treasurer
