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): 08-08-96
AMERON INTERNATIONAL CORPORATION
(Exact name of registrant as specified in its charter)
Delaware 1-9102 77-0100596
(State or other jurisdiction (Commission (I.R.S. Employer
of Incorporation) File Number) Identification No.)
245 South Los Robles Ave., Pasadena, California 91101
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (818) 683-4000
<PAGE>
Item 5 OTHER EVENTS
The attached announcement was released to the news media on
August 8, 1996
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 thereunto duly authorized.
AMERON INTERNATIONAL CORPORATION
_______________________________
Date: August 9, 1996 By: Javier Solis
Senior Vice President and
Secretary
<PAGE>
Ameron to acquire worldwide Devoe marine coatings business from ICI
Pasadena, Calif. Ameron International Corporation (NYSE: AMN) announced today
that it has signed an agreement to acquire the worldwide Devoe marine
coatings business of Imperial Chemical Industries PLC (ICI).
The business to be acquired by Ameron generated sales of approximately $50
million in 1995."This acquisition will make Ameron the largest supplier of
high-performance marine and offshore coatings in the United States, and it
will also greatly expand our sales and service network and global presence
in these markets," said James S. Marlen, Ameron chairman, president and
chief executive officer.
Ameron will manufacture and market a number of well-known product lines under
Devoe trade names, such as Bar-Rust TM advanced technology epoxy, ABC
marine antifouling, Catha-Coat zinc-rich primer, Devchem tank lining,
DevgripTM non-skid epoxy, DevthaneTM acrylic urethane and Pre-prime primer,
among many others.
In addition, Ameron will manufacture and sell Devoe coatings to industrial
maintenance markets in Europe, the Middle East and parts of Africa. Ameron
will also manufacture and sell Devoe and certain Glidden products to offshore
oil and gas markets in the United States, Canada, Europe, Africa and South
America.
Marlen noted that the acquisition will bring together the technologies of
two pioneering companies in the high-performance coatings industry. Ameron
is known for developing and introducing inorganic zinc silicate coatings and,
more recently, for its patented engineered polysiloxane chemistry and
products. Devoe is generally acknowledged as a leader in marine technology
and the inventor of widely used epoxy resin chemistry and coatings. "The
Devoe product line will be an excellent complement to Ameron's technology
and markets," Marlen said.
Marlen added that the acquisition is in keeping with Ameron's objectives of
sustaining growth and continuing to improve profitability. "We continue to
seek strategically attractive acquisitions, marketing alliances and
licensing partnerships in all our businesses," he said. In the first quarter
of this year, Ameron acquired Centron International, a Texas-based
manufacturer of fiberglass pipe for oilfield applications.
Marlen expressed optimism about the remainder of 1996 and said that he
expects Ameron's overall sales and earnings to be stronger than in 1995,
continuing the positive earnings trend that began in 1994 following a
comprehensive restructuring of the company.
Founded in 1907, Ameron is a multinational manufacturer of highly engineered
products for the building, construction and industrial markets. The company
operates businesses in North America, Latin America, Europe and Asia. In
addition to high-performance protective coatings, Ameron is a leading
producer of concrete and steel pipe systems, fiberglass pipe and other
specialized construction products. Ameron sales in 1995 were $481 million.
