SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
The Securities and Exchange Act of 1934
Date of Report (Date of earliest event reported) September 15, 2000
ISG RESOURCES, INC.
(Exact name of registrant as specified in its charter)
Utah 87-0327982
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(State or Other (Commission (IRS Employer
Jurisdiction of File Number) Identification No.)
Incorporation)
136 East South Temple, Suite 1300, Salt Lake City, Utah 84111
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (801) 236-9700
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Item 2. Acquisition or Disposition of Assets
Effective September 15, 2000, ISG Resources, Inc. ("ISG") acquired
certain fixed and intangible assets from Hanson Aggregates West, Inc.
("Hanson"). Hanson is a subsidiary of Hanson PLC, a leading international
building materials company with operations in North America and Europe. Hanson
PLC's principal businesses include the sale of aggregates, concrete products and
bricks.
ISG established through negotiation a purchase price of $2,100,000 in
cash, for all of the equipment and other fixed assets, as well as contracts with
three Texas and Louisiana power plants. The assets acquired by ISG are located,
based, or utilized at the fly ash operations of Hanson at the following
locations:
1. Welsh Power Plant, near Cason, Texas;
2. Rodemacher Power Plant, near Boyce, Louisiana; and
3. Nelson Station Power Plant, near Westlake, Louisiana
ISG will utilize the assets purchased to provide materials management
services for the utility contracts acquired in the asset acquisition.
Approximately 500,000 tons of fly ash and bottom ash will be managed and
marketed under the contracts. A copy of the asset purchase agreement is
attached.
Item 7. Financial Statements and Exhibits.
(a) Financial Statements of Businesses Acquired. The financial
statements of Hanson, for the periods specified in Rule 3-05(b) of Regulation
S-X and as prepared in accordance with the requirement under Rule 2-02 of
Regulation S-X, are not being included within this report, but will be filed as
an amendment to this report within sixty days of the date hereof.
(b) Pro Forma Financial Information. The pro forma financial
information of Hanson is not being included within this report, but will be
filed as an amendment to this report within sixty days of the date hereof.
(c) Exhibits. The following documents are being filed as exhibits to
this report:
(i) Asset Purchase Agreement, dated as of September 5, 2000,
by and between ISG and Hanson.
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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 thereunto duly authorized.
ISG RESOURCES, INC.
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(registrant)
September 29, 2000 BY: /s/
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(Date) J.I. EVEREST, II
CHIEF FINANCIAL OFFICER
