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: August 22, 1996
PUBLICKER INDUSTRIES INC.
(Exact name of registrant as specified in its charter)
Pennsylvania
(State of incorporation)
1-3315 23-0991870
(Commission file number) (I.R.S. Employer
Identification No.)
1445 East Putnam Avenue
Old Greenwich, Connecticut 06870
(Address of principal executive offices) (Zip code)
(203) 637-4500
(Registrant's telephone number, including area code)
<PAGE>
Item 5. Other Events
On August 19, 1996, the Registrant issued the press release filed as
Exhibit 28 hereto.
Item 7. Financial Statements and Exhibits
(c) Exhibits
28. Press release dated August 19, 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 hereunto duly authorized.
PUBLICKER INDUSTRIES INC.
/s/Antonio L. DeLise
Antonio L. DeLise
Vice President,
Chief Financial Officer
and Secretary
Dated: August 22, 1996<PAGE>
EXHIBIT INDEX
Exhibit No. Description Page No.
28 Press Release dated August 19, 1996 . . . . . . . .
. . . . 3<PAGE>
From: PUBLICKER INDUSTRIES INC.
1445 East Putnam Avenue
Old Greenwich, Connecticut 06870
Contact: James J. Weis - 203 637-4500
Contact: Howard Rubenstein Associates, Inc.
Public Relations - 212 489-6900
Peter Rosenthal
FOR IMMEDIATE RELEASE
PUBLICKER INDUSTRIES INC. ANNOUNCES DEFINITIVE
AGREEMENT TO SELL MASTERVIEW WINDOW COMPANY, INC.
SUBSIDIARY FOR $15.25 MILLION
OLD GREENWICH, CT, August 19, 1996 -- Publicker Industries Inc. (OTC: PLKR)
announced today that it has executed a definitive agreement to sell
substantially all the assets of its Masterview Window Company, Inc.
("Masterview") subsidiary to Masterview Acquisition Corp. ("MAC"), a
company formed by BancBoston Ventures Inc., an affiliate of BancBoston
Capital Inc., for $15.25 million cash, subject to certain post- closing
adjustments which are not expected to be material.
The assets being sold include accounts receivable, inventories, land,
buildings, machinery, equipment and miscellaneous furniture and fixtures. MAC
will also assume certain liabilities of Masterview including trade accounts
payable, certain accrued liabilities and certain contractual liabilities.
Masterview, a Phoenix, Arizona based manufacturer of aluminum widows and
sliding glass doors, was acquired by Publicker in December 1990 from an
affiliate of Hanson PLC. For 1995, Masterview had net sales of approximately
$20 million.
Publicker Industries Inc., headquartered in Old Greenwich, Connecticut, is a
diversified group of companies engaged in manufacturing and services. Since
1959, BancBoston Capital, the private equity and mezzanine investment subsidiary
of Bank of Boston Corporation, has invested approximately $1.5 billion in over
200 companies around the world.
