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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):
June 1, 1999
AMERICAN BUSINESS PRODUCTS, INC.
(Exact name of registrant as specified in its charter)
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GEORGIA 1-7088 58-1030529
(State of (Commission File No.) (I.R.S. Employer
incorporation) Identification No.)
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2100 RIVEREDGE PARKWAY, SUITE 1200
ATLANTA, GEORGIA 30328
(Address of principal executive offices, including zip code)
(770) 953-8300
(Registrant's telephone number, including area code)
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ITEM 5. OTHER EVENTS.
On June 1, 1999, the Registrant announced that it has completed the
sale of its book manufacturing business. The terms of the transaction
were not disclosed.
Details are contained in the Press Release, issued June 1, 1999 filed
as Exhibit 99 hereto and incorporated herein by reference.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS.
(c) Exhibits:
The following exhibit is filed herewith:
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EXHIBIT NO. DESCRIPTION
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99 Press Release, issued June 1, 1999
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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, thereunto duly authorized.
AMERICAN BUSINESS PRODUCTS, INC.
Dated: June 1, 1999 /s/ Richard G. Smith
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Richard G. Smith
Vice President and Chief Financial Officer
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EXHIBIT INDEX
The following exhibits are filed as part of this Report.
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EXHIBIT NO. DESCRIPTION PAGE NO.
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99 Press Release, issued June 1, 1999
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Exhibit 99
[LOGO] AMERICAN BUSINESS PRODUCTS, INC.
POST OFFICE BOX 105684 ATLANTA, GEORGIA 30348
(770) 953-8300 FAX (770) 952-2343
Contact: Richard G. Smith
Chief Financial Officer
American Business Products
(770) 953-8300
FOR IMMEDIATE RELEASE
Robert P. Jones, Theresa Schillero
Media Contact: Eileen King
Morgen-Walke Associates, Inc.
(212) 850-5600
AMERICAN BUSINESS PRODUCTS ANNOUNCES
SALE OF ITS BOOK MANUFACTURING UNIT
Atlanta, GA, June 1, 1999 - American Business Products, Inc. (NYSE:ABP)
today announced the sale of the business and assets of BookCrafters USA, Inc. to
The Sheridan Group, a leading provider of printing and publishing services
nationwide. Terms of the transaction were not disclosed. American Business
Products has been accounting for BookCrafters as a discontinued operation.
Larry Gellerstedt, Chairman and Chief Executive Officer, commented, "As
we indicated previously, American Business Products' strategy is to focus on
growing its Specialty Packaging and Printed Office Products businesses, and to
divest non-core operations. The proposed sale to The Sheridan Group is a
positive outcome for our book manufacturing business' customers and employees."
American Business Products, Inc. is a leading supplier of specialty
packaging and printed office products. ABP's specialty packaging companies
include: Jen-Coat, Inc. a leader in extrusion coating and laminating of
packaging and other products; International Envelope Company, the world's
largest converter of Tyvek(R) mailers and other soft packages; and Discount
Labels, Inc., the largest short-run custom label producer in the U.S. ABP's
printed office products business is operated by Curtis 1000 Inc., a leader in
direct-to-user marketing of custom-printed envelopes and labels, digital
document services and business forms.
This press release contains certain forward-looking statements, including
statements relating to the future financial results of the Company. Caution
should be taken in relying upon forward-looking statements in this release
because they involve a number of risks and uncertainties that could cause actual
results to differ materially from any such statements. These risks and
uncertainties include the Company's ability to successfully implement its
strategic initiatives in the Specialty Packaging and Printed Office Products
businesses, develop new products in the specialty packaging market, penetrate
new distribution channels and implement its acquisition and divestiture
strategy. Additional risk factors are detailed in the Company's periodic filings
with the Securities and Exchange Commission, including those risks identified in
the section captioned, "Management's Discussion and Analysis of Financial
Condition and Results of Operations" in the Company's quarterly report on Form
10-Q for the quarter ended March 31, 1999, which discussion is incorporated in
this release by reference.
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