THIS CONFORMING PAPER FORMAT DOCUMENT IS BEING
SUBMITTED PURSUANT TO RULE 901(d) OF REGULATION S-T
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): November 24, 1998
COLLINS INDUSTRIES, INC.
(Exact name of registrant as specified in its charter)
Missouri
(State or other jurisdiction of incorporation)
0-12619 43-0985160
Commission File Number (IRS Employer Identification No.)
15 Compound Drive, Hutchinson, Kansas 67502
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (316) 663-5551
N/A
(Former name or former address, if changed since last report)
11022959
Item 5. Other Events.
Exhibit 1 - (Press Release of November 24, 1998) is hereby incorporated
by reference.
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.
COLLINS INDUSTRIES, INC.
By: /s/ Larry W. Sayre
Larry W. Sayre
Vice President - Finance and
Chief Financial Officer
(Principal Accounting Officer)
Date: November 30, 1998
EXHIBIT INDEX
Exhibit Description Page
1 Press release of November 24, 1998 1
NEWS RELEASE
FOR IMMEDIATE RELEASE: CONTACT: Larry W. Sayre
Vice President - Finance & CFO
Telephone: (316) 663-5551
COLLINS INDUSTRIES AGREES TO ACQUIRE MID BUS, INC.
Hutchinson, Kansas, November 24, 1998 ---- COLLINS
INDUSTRIES, INC. (Nasdaq: "COLL") announced today the
signing of a definitive agreement to acquire Mid Bus, Inc.,
a Type A school bus manufacturer based in Bluffton, Ohio.
Collins Industries believes this acquisition will give the
Company approximately 50% of the small school bus market by
complimenting existing Type A market growth from Collins
Bus Corporation, another wholly owned subsidiary. Agreement
is subject to customary closing conditions with closing
expected on December 1, 1998.
Mid Bus, Inc. manufactures a line of Type A-I and Type A-II
school buses represented nationally through a distributor
organization. Industry publications estimate annual sales
of the Type A market to be in excess of 6,000 units with
prices typically ranging from $30,000-$45,000 per bus. Mid
Bus, Inc. will be operated as a wholly owned subsidiary of
Collins Industries, Inc. Terms of the deal were not
disclosed.
Donald Lynn Collins, President and CEO stated today, "The
Mid Bus, Inc. acquisition clearly establishes Collins
Industries as the largest manufacturer of Type A school
buses in North America. Furthermore, this acquisition
enables us to take full advantage of anticipated market
growth and industry changes currently occurring. Mid Bus,
Inc. is a great company with a quality work force and we
certainly look forward to making them an integral part of
our corporate holdings."
Collins added: "As we move toward the 21st century, Collins
Industries will continue to focus on these core specialty
vehicle markets. The Mid Bus, Inc. acquisition will enable
Collins Industries to further enhance our position as the
nation's leading manufacturer of specialty vehicles. It
underscores our commitment to the markets we serve while
enabling us to continue to build long-term shareholder
value".
Collins Industries, Inc. is a leading manufacturer of
ambulances, small school buses, commercial buses and
terminal trucks with manufacturing facilities in Florida,
Texas and Kansas. Current subsidiary holdings include
Wheeled Coach Industries (the world's largest ambulance
manufacturer), Capacity of Texas (a terminal truck
manufacturer) and Collins Bus Corporation (a Type A school
bus manufacturer with a commercial/transit bus division).
The Company sells its products throughout the United States
and, to a lesser extent, abroad.
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