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): JUNE 27, 1996
THE STROBER ORGANIZATION, INC.
(Exact Name of Registrant as specified in its charter)
DELAWARE 0-15339 11-2822910
(State or other jurisdiction Commission IRS Employer
of incorporation) File Number Identification No.
550 HAMILTON AVENUE, BROOKLYN, NEW YORK 11232
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code(718) 832-1212
N/A
(FORMER NAME OR FORMER ADDRESS, IF CHANGED SINCE LAST REPORT.)
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ITEM 5. OTHER EVENTS. On June 27, 1996 and July 1, 1996, the Registrant
issued Press Releases, the texts of which are attached hereto as
Exhibits 20.1 and 20.2, respectively.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS.
(c) EXHIBITS
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20.1 Press Release dated 5
June 27, 1996
20.2 Press Release dated 6
July 1, 1996
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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.
THE STROBER ORGANIZATION, INC.
By:/S/ DAVID J. POLISHOOK
--------------------------------
DAVID J. POLISHOOK, Chief Financial
Officer
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THE STROBER ORGANIZATION, INC.
EXHIBIT INDEX
TO
FORM 8-K CURRENT REPORT
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20.1 Press Release dated 5
June 27, 1996
20.2 Press Release dated 6
July 1, 1996
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FOR: THE STROBER ORGANIZATION, INC.
550 HAMILTON AVE, BROOKLYN, NEW YORK 11232
FROM: David Polishook, Chief Financial Officer
(718) 832-1212
FOR IMMEDIATE RELEASE
Brooklyn, New York, June 27, 1996 -- The Strober Organization, Inc.,
today announced that it will be relocating its Brooklyn, NY facility and
Corporate Headquarters from 550 Hamilton Ave, Brooklyn, NY to Pier 3 located at
the Brooklyn-Port Authority Marine Terminal complex under a ten year lease.
The move will be completed prior to December 31, 1996 when the present lease
expires.
Mr. Robert J. Gaites, Chairman and Chief Executive Officer stated, "We
are very excited about moving to Pier 3. Our new facility is only 2 miles from
our present location with considerably more covered space than currently
leased. This highly visible and larger facility will enable our Strober Bros.
unit to broaden its product mix and provide the professional contractor a state
of the art distribution facility to better serve their needs.
The Strober Organization, Inc. (NASDAQ:STRB) is a leading supplier of
building materials to professional contractors from 11 centers in New York, New
Jersey, Connecticut and Pennsylvania.
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FOR: THE STROBER ORGANIZATION, INC.
550 HAMILTON AVE, BROOKLYN, NEW YORK 11232
FROM: David Polishook, Chief Financial Officer
(718) 832-1212
STROBER TO ACQUIRE ROWLEY BUILDING PRODUCTS
FOR IMMEDIATE RELEASE
Brooklyn, New York, July 1, 1996 -- The Strober Organization, Inc., today
announced that it had entered into a purchase agreement to acquire the assets
of Rowley Building Products Corp. and all the capital stock of Rowley Building
Products of New Jersey, Inc. The transaction is expected to close before
September 30, 1996.
Rowley is a leading building material supplier, specializing in the
distribution of millwork, lumber and kitchen cabinetry with 1995 combined sales
of $29,348,000. Rowley has five facilities in the Hudson Valley of New York
consisting of two units in Middletown and units in Chester, Montgomery and
Rosendale, New York. Rowley also operates one unit in northern New Jersey
located in Sparta, New Jersey.
Robert J. Gaites, Chairman and CEO of Strober commented, "the Rowley
acquisition is a natural fit for Strober. It provides Strober with an
experienced and highly professional staff of people to service our core
customer, the professional contractor. I look forward to welcoming these
talented people to The Strober Organization, Inc. Additionally, this strategic
acquisition will blend Rowley's strengths in millwork and kitchen cabinets with
Strober's expertise in commercial building products such as drywall,
insulation, acoustical and roofing products. This alliance provides our
combined customer base with one stop shopping and the finest service in the
region.
The Strober Organization, Inc. (NASDAQ:STRB) is a leading supplier of
building materials to professional contractors from 11 centers in New York, New
Jersey, Connecticut and Pennsylvania. 1995 revenues were $125,813,000 and the
Company had net income after taxes of $3,082,000 or $.59 per share.
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