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 2, 1996
THE INTERLAKE CORPORATION
(Exact name of registrant as specified in its charter)
Delaware Commission File Number 1-9149 36-3428543
(State or other jurisdiction of (I.R.S.Employer
incorporation or organization) Identification No.)
550 Warrenville Road, Lisle, Illinois 60532-4387
(Address of principal executive offices) (Zip Code)
(630)852-8800
(Registrant's telephone number, including area code)
<PAGE>
Item 5. Other Events.
The Interlake Corporation today announced that it had signed a
definitive agreement for the sale and purchase of all of Interlake's
packaging businesses. The sale is subject to various conditions.
The press release by which The Interlake Corporation made the
announcement is attached as Exhibit 99.1.
Item 7. Exhibits
The following Exhibit is filed herewith and made part hereof:
Exhibit
Number Description of Document
99.1 Press Release dated October 2, 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.
THE INTERLAKE CORPORATION
By
Stephen Gregory
Vice President-Finance and
Chief Financial Officer
[Interlake Logo]
FOR IMMEDIATE RELEASE
SAMUEL MANU-TECH INC. AND INTERLAKE ANNOUNCE DEFINITIVE AGREEMENT ON
INTERLAKE'S PACKAGING BUSINESSES
Lisle, Ill., October 2, 1996 -- Samuel Manu-Tech Inc. ("SMT") and The
Interlake Corporation ("Interlake") today jointly announced the signing of
definitive agreements for the purchase and sale of Interlake's packaging
businesses. The transaction is subject to the satisfaction of certain
conditions and is expected to be completed in October.
Mark Samuel, president of SMT, said, "This acquisition will further
SMT's strategy of building a North American-wide packaging business, and will
expand our position in Europe. It is consistent with our corporate objective
to strengthen our core capabilities."
"We believe this transaction is a positive step for Interlake," said W.
Robert Reum, Interlake's chairman, president and chief executive officer.
"It is consistent with our strategy to create value for our shareholders
through increased operating earnings and divestitures where appropriate."
Interlake's packaging businesses had sales of $141 million (U.S.) in
1995. The businesses include the Interlake plastic strapping and stitching
businesses in the U.S.; steel strapping businesses operating under the Acme
Strapping and Acme Gerrard names in Canada and England; and the Pakseal
plastic strapping business in England.
SMT, headquartered in Etobicoke, Ontario, manufactures and sells steel
and plastic strapping in Canada and the United States through its Samuel
Strapping Systems Division. Its other businesses include tube and pipe
manufacturing, roll forming, steel pickling and steel fabrication. SMT's
1995 revenues totalled $400 million (Canadian). SMT is listed on the Toronto
Stock Exchange. Its majority owner is Samuel, Son & Co., Limited, a
privately-owned diversified company.
Interlake, headquartered in Lisle, Illinois, had total 1995 sales of
$831 million (U.S.). Interlake is a multinational corporation engaged in the
design, manufacture and sale or distribution of products for the material
handling, automotive, packaging and aerospace industries.
# # #
Media contacts:
Mark Samuel, Samuel Manu-Tech Inc., 416-626-2190
Bruce E. Steimle, The Interlake Corporation, 630-719-7225
1R961002
