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UNITED STATES
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: MAY 26, 1999
INSILCO HOLDING CO.
(Exact Name of Registrant as specified in its charter)
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Delaware 0-24813 06-1158291
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(State or other jurisdiction of (Commission File No.) (IRS Employer Identification
incorporation or organization) Number)
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425 Metro Place North
Fifth Floor
Dublin, Ohio 43017
(614) 792-0468
(Address, including zip code, and telephone number
including area code of Registrant's
principal executive offices)
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ITEM 5. OTHER EVENTS.
The Company's press release issued May 26, 1999 is attached as an exhibit and is
incorporated herein by reference.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS.
(c) Exhibits.
Exhibit No. Description
99 (a) Press release of the Company issued May 26, 1999.
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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.
INSILCO HOLDING CO.
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Registrant
Date: May 26, 1999 By: /s/ Michael R. Elia
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Michael R. Elia
Vice President and Corporate Controller
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EXHIBIT INDEX
Exhibit No. Description
99 (a) Press release of the Company issued May 26, 1999.
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Exhibit 99 (a)
Excellence in Electronics, Telecommunications, Automotive, Publishing
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NEWS RELEASE
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FOR IMMEDIATE RELEASE CONTACT: INVESTORS: DAVID A. KAUER MEDIA: MELODYE DEMASTUS
VICE PRESIDENT AND MELROSE CONSULTING
CHIEF FINANCIAL OFFICER (614) 771-0860
(614) 792-0468
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INSILCO HOLDING CO. TO CLOSE BUFFALO FACILITY
MCKENICA DIVISION TO SHUTDOWN IN 60 DAYS
COLUMBUS, OHIO, MAY 26, 1999 - INSILCO HOLDING CO. (OTC BULLETIN BOARD:
INSL) today reported that it planned to close its Buffalo-based McKenica
division by the end of July, 1999. McKenica, a manufacturer of heat exchanger
tube mills and related capital equipment, recorded sales of $7.1 million in
1998. McKenica currently employs 54 employees at its Buffalo plant.
Robert L. Smialek, Insilco Chairman and CEO, said, "We regret the
impact the McKenica closing will have on our employees and customers.
Unfortunately, the markets that McKenica serves, in particular the Asian market,
remain very weak. We have attempted, without success, to streamline McKenica's
operations and reduce expenses to a level that current sales could support, as
well as sought a buyer for McKenica. Regrettably, we have no alternative at this
time but to close this operation."
Insilco Holding Co., based in suburban Columbus, Ohio, is a diversified
manufacturer of industrial components and a supplier of specialty publications.
The Company's industrial business units serve the automotive, electronics,
telecommunications and other industrial markets, and its publishing business
serves the school yearbook market. It had revenues in 1998 of $535.6 million.
Investor Relations Contact: David A. Kauer or Stephen Smith, (614) 792-0468 or
write to Insilco Holding Co., Investor Relations, 425 Metro Place North, Box
7196, Dublin, OH 43017 or call Melodye Demastus, Melrose Consulting (614)
771-0860. You may also visit our web site at http://www.insilco.com.
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