GSI GROUP INC
8-K, 1998-06-05
FARM MACHINERY & EQUIPMENT
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                      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)   June 4, 1998
                                                      --------------------------


                              THE GSI GROUP, INC.
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            (Exact Name of Registrant as Specified in its Charter)



                                   Delaware
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                (State or Other Jurisdiction of Incorporation)


            333-43089                                   37-0856587
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    (Commission File Number)               (I.R.S. Employer Identification No.)


1004 E. Illinois Street, Assumption, Illinois                    62510
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  (Address of Principal Executive Offices)                   (Zip Code)


                                (217) 226-4421
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             (Registrant's Telephone Number, Including Area Code)


                                Not Applicable
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         (Former Name or Former Address, if Changed Since Last Report)



 
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Item 5.  Other Events.

     The Company has entered into a letter of intent to acquire Avemarau
Equipamentos Agricolas Ltda., a Brazilian manufacturer and supplier of poultry
confinement equipment. The proposed acquisition is subject to the satisfaction
or waiver of certain conditions. There can be no assurance that the proposed
acquisition will be consummated. The Company intends to finance the proposed
acquisition with a portion of the proceeds of a planned offering of
approximately $50 million of senior subordinated notes pursuant to a private
placement offering document containing customary disclosures. The notes will not
be registered under the Securities Act of 1933 and may not be offered or sold in
the United States without such registration or an applicable exemption from the
registration requirements. The Company is in the process of seeking consents
from its current note holders to expand the capacity of the Company's existing
indenture to enable it to issue such notes.

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                                  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.


                                      THE GSI GROUP, INC.



Dated: June 5, 1998                   By: /s/ John W. Funk
                                          --------------------------
                                          John W. Funk
                                          Chief Financial Officer

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