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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
JANUARY 13, 1997
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Date of Report
(Date of earliest event reported)
CASCADE CORPORATION
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(Exact name of registrant as specified in its charter)
OREGON 2-23666 93-0136592
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(State or other (Commission File No.) (IRS Employer
jurisdiction of Identification No.)
incorporation)
2020 S.W. 4th
Portland, Oregon 97201
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(Address of principal executive offices, including zip code)
(503) 227-0024
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(Registrant's telephone number, including area code)
Exhibit Index on Page 4
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Item 5. Other Events
On January 13, 1997, Cascade (Canada) Inc. ("Cascade Canada"), a wholly
owned subsidiary of Cascade Corporation, acquired Industrial Tires Limited
("ITL"), an international manufacturer and marketer of non-pneumatic (solid)
tires for use on fork lift trucks, ground support and construction equipment
headquartered in Mississauga, Ontario, Canada. The acquisition was accomplished
through Cascade Canada's purchase of all of the issued and outstanding capital
stock of ITL pursuant to a Share Purchase Agreement dated November 22, 1996 with
the shareholders of ITL.
The purchase price paid for the capital stock of ITL was approximately
$24,500,000, a portion of which was satisfied by the issuance to ITL
shareholders of 330,000 exchangeable preference shares of Cascade Canada which
may be exchanged share-for-share for common stock of Cascade Corporation.
ITL revenues for the twelve-month period ending October 31, 1996, were
approximately US$33,000,000 primarily from North American markets.