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): May 22, 1998
(March 21, 1998)
Commission file number 1-5558
Katy Industries, Inc.
(Exact name of registrant as specified in its charter)
Delaware 75-1277589
(State of Incorporation) (IRS Employer Identification Number)
6300 S. Syracuse #300, Englewood, Colorado 80111
(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code: (303) 290-9300
(Former name or former address, if changed since last report) Not applicable
Item 5. Other Events
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On May 21, 1998, Katy Industries, Inc. Filed the
Following Press Release Regarding the Acquisition of
Noma Consumer Electrical Division
May 21, 1998 - Katy Industries, Inc. (NYSE:KT) announced that it has acquired
the Noma Consumer Electrical Division, ("CE Division"), of Noma Industries,
Limited. Katy purchased the business and assets of the CE Division including
a 210,000 square foot manufacturing and distribution facility in Toronto,
Ontario, Canada which Katy intends to maintain.
The CE Division is a North American leader in the design, manufacturing and
marketing of a wide variety of consumer corded products including low
voltage garden lighting, extension cords, multiple outlet and surge strips,
specialty cord products, automotive products and electronic timers. Sales
for the CE Division are approximately $60,000,000 (Cdn).
John R. Prann, Jr., President and CEO stated, "The addition of the
CE Division is a major acquisition and will complement our existing
electrical business at Woods Industries. The CE Division will be a unique
strategic alliance with Woods and allows us manufacturing capabilities for
surge protectors, timers and garden lights in North America. This will allow
us to continue to strive to be the low-cost producer of all of our consumer
corded products."
Some of the statements in this press release constitute "forward-looking
statements" within the meaning of the Private Securities Litigation Reform
Act of 1995. Such forward-looking statements involve known and unknown
risks, uncertainties and other factors that may cause the actual results,
performance or achievements of the Company to be materially different from
any future results, performance or achievements expressed or implied by the
forward-looking statements.
Katy Industries, Inc. is a diversified corporation with interests primarily
in Electrical/Electronic and Maintenance Products.
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.
Katy Industries, Inc.
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(Registrant)
By /S/ John R. Prann, Jr.
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John R. Prann, Jr.
Chief Executive Officer
Date May 22, 1998
