FORM 8-K - CURRENT REPORT
(As last amended in Rel. No. 34-36968, eff. 08/13/92.)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 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) February 17, 1998
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Blessings Corporation
(Exact name of registrant as specified in its charter)
Delaware 1-4684 13-5566477
(name or other jurisdiction (commission (IRS employer
of incorporation) file number) identification no.)
200 Enterprise Drive, Newport News, VA 23603
(address of principal executive offices) (zip code)
Registrant's telephone number, including area code (757) 887-2100
(former name or former address, if changed since last report.)
Item 5. Other Events
See the press release dated February 17, 1998.
Item 7. Financial Statements and Exhibits
(c) Exhibits
10.1 Press release dated February 17, 1998.
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Exhibit 10.1
Contact: James P. Luke
Executive Vice President
Chief Financial Officer
FOR IMMEDIATE RELEASE
NEWPORT NEWS, VIRGINIA, FEBRUARY 17, 1998. Blessings Corporation (AMEX
Symbol BCO) disclosed today that it is engaged in an evaluation of strategic
alternatives to optimize shareholder value. Bowles Hollowell Conner & Co.,
Investment Bankers, is advising the Board of Directors in connection with this
evaluation. Alternatives may include an investigation of potential merger or
investment partners which could bring operating synergies to the company and
augment Blessings' commitment to support the global expansion of its major
customers.
Blessings Corporation is a recognized leader in the manufacture of specialty
extruded, printed and converted polyolefin films and enjoys particularly strong
positions in the disposable healthcare and flexible packaging markets.
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SIGNATURE
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.
Registrant:
BLESSINGS CORPORATION
By: /s/ James P. Luke
_______________________________________
James P. Luke, Executive Vice President
Secretary
Date: February 20, 1998
