FORM 8-K
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: March 25, 1997
NCC INDUSTRIES, INC.
(Exact Name of Registrant)
Delaware 0-3305
62-0643336
(State or other jurisdiction (Commission File No.) (IRS Employer
of incorporation) I.D. No.)
165 Main Street, Cortland, New York 13045-5428
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: 607-756-2841
Item 5. Other Events
On March 25, 1997, Maidenform Worldwide, Inc.
(which owns approximately 92% of the Registrant's
outstanding stock ("Maidenform"), announced that it entered
into a letter of intent with VF Corporation concerning the
purchase of 100% of Maidenform's stock for an undisclosed
purchase price (the "Acquisition"). The consummation of the
Acquisition is subject to various conditions including the
execution of a definitive purchase agreement and
governmental approvals. Other terms concerning the
Acquisition were not disclosed.
Maidenform is the largest privately-owned
manufacturer of women's intimate apparel in the United
States. VF Corporation (NYSE: VFC) is an international
apparel company with leading brands in, among other things,
jeanswear, intimate apparel, knitwear, occupational apparel
and swim wear.
For additional information concerning the
Acquisition, reference is hereby made to Maidenform's press
release dated March 25, 1997, attached hereto as Exhibit
99.1 to this Form 8-K.
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.
NCC Industries,Inc.
Date___________________ Steven N.Masket
Executive Vice-President
EXHIBIT INDEX
Exhibit Number Page
99.1 Press Release regarding: Maidenform
and VF sign letter of intent for VF to
acquire Maidenform --
MAIDENFORM, INC.
90 Park Avenue, New York, New York 10016
For Immediate Release
Contact: Maidenform Worldwide, Inc.
Don Nathan
212/484-7782
MAIDENFORM AND VF SIGN LETTER OF INTENT FOR
VF TO ACQUIRE MAIDENFORM
New York,NY, March 25, 1997 - The shareholders of Maidenform
Worldwide,Inc. and VF Corporation (NYSE:VFC) announced today that
they have signed a letter of intent for VF Corporation to acquire
100% of the outstanding stock of Maidenform. Maidenform owns 92%
of the outstanding stock of NCC Industries,Inc. (OTC:NCCD). The
transaction is subject to governmental approvals and the
execution of a definitive agreement, among other things.
Proposed terms of the transaction were not disclosed.
"Maidenform is clearly one of the premier names in intimate
apparel, and could be an excellent strategic fit with our
existing imtimate apparel brands," said Mackey J. McDonald, the
CEO of VF Corporation.
Elizabeth Coleman, Maidenform Chairwoman and CEO, said, "This
proposed transaction would ensure that the historic and world-
class Maidenform brands will thrive over the long term with the
vitality my family and all our employees have worked so hard to
instill. VF Corporation, with its proven leadership in the
industry, is ideally suited to grow and develop the Maidenform
business."
In the absence of a definitive agreement, both companies said
that they would not discuss any aspects of the transaction.
Maidenform Worldwide, Inc. is the largest privately-owned
manufacturer of women's intimate apparel in the United States and
one of the largest in the world. Maidenform's branded products
are sold under the Maidenform, Oscar de la Renta, Lilyette,
Flexees, Subtract and Self Expressions labels.
VF Corporation is an international apparel company, with leading
brands in jeanswear, intimate apparel, knitwear, playwear,
occupational apparel, daypacks and swimwear. The company's
primary brands are Lee, Wrangler, Riders, Maverick, Marithe and
Francois Girbaud, Vanity Fair, Vassarette, Healthtex, Lee Sport,
Red Kap, JanSport and Jantzen. The European intimate apparel
brands include Lou, Bolero, Variance, Carina, Siltex, Belcor,
Intima Cherry and Gemma.
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