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: (Date of earliest event reported) July 3, 1995.
BRYAN STEAM CORPORATION
(Exact name of registrant as specified in its charter)
NEW MEXICO
(State or Other Jurisdiction of Incorporation)
0-3366 35-0202050
(Commission File Number) (IRS Employer Identification No.)
Post Office Box 27, Peru, Indiana 46970
(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code:
(317) 473-6651
Not Applicable
(Former Name or Former Address, if Changed Since Last Report.)
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Item 5. Other Events.
On July 3, 1995, Bryan Steam Corporation (the "Registrant"),
through its newly formed wholly-owned subsidiary, Wendland
Manufacturing Co., an Indiana corporation ("Bryan-Wendland"),
acquired the business operation and operating assets of Wendland
Manufacturing Co., a Texas corporation ("Wendland"), located in
San Angelo, Texas. Pursuant to the terms of an Asset Purchase
and Sale Agreement dated June 23, 1995, among Bryan-Wendland,
Wendland and Wendland's shareholders, Bryan-Wendland acquired
certain real estate, equipment, inventory and other tangible and
intangible property, including all rights to the name "Wendland
Manufacturing Co." in exchange for $1,115,000 cash.
The Registrant funded the acquisition through a combination
of cash reserves and a $1.0 million variable rate loan from First
of America. The loan is for a term of five (5) years, has an
interest rate equal to the prime rate, and is secured by certain
of the Registrant's equipment and receivables.
Prior to the transaction, Wendland was a manufacturer and
distributor of pressure vessels from its facility in San Angelo,
Texas. The Registrant currently intends to cause Bryan-Wendland
to continue to use the acquired assets in the operation of the
pressure vessel manufacturing and sales business.
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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.
BRYAN STEAM CORPORATION
(Registrant)
Date: July 13, 1995 /s/Albert J. Bishop
Albert J. Bishop
President
