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: October 20, 1994
HUGHES SUPPLY, INC.
Commission File No. 0-5235
Incorporated in the State IRS Employer Identification
of Florida No. 59-0559446
Post Office Box 2273
20 North Orange Avenue, Suite 200
Orlando, Florida 32802
Registrant's Telephone Number,
Including Area Code: (407) 841-4755
Item 5. Other Events.
On October 20, 1994, the registrant, Hughes Supply, Inc., a
Florida corporation ("Hughes") entered into an Asset Purchase
Agreement (the "Agreement") with The Treaty Company, an Ohio
corporation ("Treaty"), pursuant to which Hughes agreed to buy
from Treaty and Treaty agreed to sell to Hughes, all of those
assets (the "Purchased Assets") operated by Treaty through its
operating division known as The Treaty Distribution Group (the
"Group").
The Group is engaged in the wholesale distribution of
plumbing, heating and air conditioning supplies, and municipal
water and waste equipment. Headquartered in Greenville, Ohio,
the Group sells primarily to contractors, industrial users and
municipalities from 16 branch locations located in Ohio and
Indiana. The Group had net sales of $63 million in 1993.
Under the terms of the Purchase Agreement, Hughes will pay
Treaty for the Purchased Assets a base purchase price of
$15,250,000 and will assume certain liabilities.
The consummation of the transactions contemplated by the
Purchase Agreement is conditioned on the satisfaction of
various conditions precedent, including, without limitation,
(a) the termination or expiration of the waiting period
required by the Hart-Scott-Rodino Antitrust Improvements Act
of 1976, as amended; (b) Hughes' satisfactory completion of
its due diligence investigation of the Group; and (c) the
receipt of all third party consents necessary to transfer all
of the Purchased Assets and the Assumed Obligations to Hughes.
It is anticipated that the transaction will be consummated on
January 3, 1995, or as soon thereafter as the conditions
precedent to the closing have been fulfilled or waived.
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.
HUGHES SUPPLY, INC.
Date: November 1, 1994 By: /s/ J. Stephen Zepf
J. Stephen Zepf, Treasurer,
Chief Financial Officer and
Chief Accounting Officer
