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SECURITIES AND EXCHANGE COMMISSION,
Washington, D.C. 20549
FORM 8-K
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported):
August 3,1998
COMMISSION FILE NUMBER 0-3085
WYMAN-GORDON COMPANY
(Exact name of registrant as specified in its charter)
MASSACHUSETTS 04-1992780
(State or other jurisdiction (I.R.S. Employer
incorporation or organization) Identification No.)
244 WORCESTER STREET, BOX 8001, NO. GRAFTON, MASSACHUSETTS 01536-8001
(Address of principal executive offices and zip code)
Registrant's telephone number, including area code 508-839-4441
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ITEM 5. OTHER EVENTS
On August 3, 1998, Wyman-Gordon Company (NASDAQ: WYMN) announced that it
and Titanium Metals Corporation (NYSE: TIE) completed a transaction in which the
parties have combined their respective titanium castings businesses into a
jointly-owned venture. The joint venture, 80% owned by Wyman-Gordon and 20% by
TIMET, consists primarily of Wyman-Gordon's titanium casting business located in
Franklin, New Hampshire and TIMET's titanium casting business located in Albany,
Oregon. The joint venture will produce investment castings primarily for the
aerospace market and will seek to develop new applications for titanium
castings.
In connection with the formation of the joint venture, TIMET has acquired
the operating assets of Wyman-Gordon's Millbury, Massachusetts vacuum arc
remelting facility which produces titanium ingots for further processing into
finished forgings. In addition, Wyman-Gordon and TIMET have entered into a
ten-year supply agreement pursuant to which TIMET will supply a portion of
Wyman-Gordon's requirements for titanium raw materials for its forging and
casting operations.
Wyman-Gordon Company is a leading manufacturer of high-quality,
technologically-advanced forgings, investment castings and composite structures
for use in the commercial and defense aerospace, commercial power and energy,
and performance product markets.
TIMET, headquartered in Denver, Colorado, is a leading worldwide integrated
producer of titanium metals products.
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SIGNATURES
Pursuant to the requirements of Section 12 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.
WYMAN-GORDON COMPANY
Date: 8/11/98 By: /S/EDWARD J. DAVIS
Vice President
Chief Financial Officer
and Treasurer
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