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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 29, 1995
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United States Filter Corporation
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(Exact name of registrant as specified in its charter)
Delaware 1-10728 33-0266015
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(State or other (Commission (IRS Employer
jurisdiction of File Number) Identification No.)
incorporation)
73-710 Fred Waring Drive, Suite 222, Palm Desert, California 92260
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (619) 340-0098
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Item 5. Other Events
On November 29, 1995 United States Filter Corporation (the "Company")
announced that it has signed an agreement to acquire Bekox, S.A. of
Madrid, Spain. The Company also announced that it has acquired Home
Waterbehandeling B.V. and Houseman B.V. of the Netherlands, including
Houseman N.V. of Belgium, from a subsidiary of Thames Water plc. The
Company also announced today that it has received and accepted the
resignations from its board of directors of J. Atwood Ives, Chairman
and CEO of Eastern Enterprises, and James R. Bullock, President and CEO
of Laidlaw, Inc. A copy of the news release respecting these
announcements is included as an exhibit to this current report.
Item 7. Financial Statements, Pro Forma Financial
Information and Exhibits
(c) Exhibit
News Release dated November 29, 1995
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.
UNITED STATES FILTER CORPORATION
By: /s/ Damian C. Georgino
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Damian C. Georgino
Vice President
Date: November 29, 1995
2
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U.S. FILTER NEWS RELEASE
UNITED STATES FILTER CORPORATION
73-710 FRED WARING DRIVE
PALM DESERT, CA 92260
(619) 340-0098
FOR FURTHER INFORMATION
CONTACT: DORRIE B. OSBORNE
(619) 340-0098
UNITED STATES FILTER CORPORATION
TO ACQUIRE OPERATIONS
IN SPAIN AND THE NETHERLANDS
PALM DESERT, CALIFORNIA, November 29, 1995 -- United States Filter Corporation
(NYSE-USF) announced today that it has signed an agreement to acquire Bekox,
S.A. of Madrid, Spain ("Bekox"). Bekox, founded in 1981, designs and
manufactures large reverse osmosis systems for industrial and commercial markets
throughout Spain and Latin America. Bekox has an installed base of over 400
systems with extensive experience in brackish water and seawater desalinization
for domestic and export markets, including industrial, agricultural and resort
and small communities. Bekox expects revenues for calendar year 1995 to be
approximately $10 million .
"By integrating Bekox with our previously acquired Ionpure and Sation
subsidiaries, U.S. Filter will become the largest provider of industrial water
treatment systems in Spain. Bekox also has a proven, cost-effective technology
to address the growing market for seawater desalinization in the Mediterranean
Basin," commented Richard J. Heckmann, Chairman and CEO of U.S. Filter.
U.S. Filter also announced that it has acquired Home Waterbehandeling B.V. and
Houseman B.V. of the Netherlands including Houseman N.V. of Belgium from a
subsidiary of Thames Water plc. Home is one of the leading water treatment
systems providers in the Netherlands. Founded in 1953, Home designs, assembles
and installs water purification and wastewater treatment systems for industrial,
commercial and hospital markets. Over 30% of Home's revenue derives from
maintenance and servicing of its installed base, including service deionization
(SDI) for the Netherlands.
Houseman, founded in 1949, provides water treatment equipment, chemicals and
services to industrial users as well as specialty products and services used in
steam boilers and cooling systems for the power, petrochemical, pulp and paper,
and construction industries. Houseman also provides custom cleaning services
for metal parts and equipment.
Home and Houseman expect consolidated annual revenues for calendar year 1995 to
exceed $13 million. The Company said that the purchase price for Bekox, Home
and Houseman combined was approximately $13,000,000, primarily in cash. "The
addition of Home and Houseman to U.S. Filter in Europe significantly strengthens
our product and services offering in the Netherlands and Belgium and gives us
additional distribution capability for the rest of our products manufactured in
Europe and the United States," said Mr. Heckmann of U.S. Filter. "With these
two acquisitions, we continue our global expansion through our in-house
distribution channels and provide new markets worldwide for all that we do," he
said.
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U.S. Filter also announced today that it has received and accepted the
resignations from its board of directors of J. Atwood Ives, Chairman and CEO of
Eastern Enterprises, and James R. Bullock, President and CEO of Laidlaw, Inc.
The Company said that it had previously expanded its board of directors to
include both Mr. Ives and Mr. Bullock as a result of contractual obligations to
provide seats on its board as a result of the acquisition of Ionpure Inc. and
Smogless S.p.A. from Eastern and Laidlaw respectively. Earlier this month
Eastern Enterprises' shares were sold in a public offering and Laidlaw's shares
were made part of an exchangeable note offering by a subsidiary of Laidlaw. The
distribution of the stock and notes eliminated the requirements for the Company
to provide the two directorships.
U.S. Filter is a leading global provider of industrial and commercial water and
wastewater treatment systems and services. With corporate offices in Palm
Desert, California, U.S. Filter services its customers and substantial installed
base of systems through its worldwide network of 124 sales and service
facilities, including 12 manufacturing plants. In addition, U.S. Filter is a
leading International provider of service deionization and outsourced water
services, including the operation of water purification and wastewater treatment
systems at customer sites.
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