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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
ACT OF 1934
DATE OF REPORT (OCTOBER 4, 1995)
PUERTO RICAN CEMENT COMPANY, INC.
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(EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)
COMMONWEALTH OF PUERTO RICO 1-4753 51-A-66-0189525
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(State or other jurisdiction of (Commission File (IRS Employer
incorporation or organization) number) Identification No.)
P.O. Box 364487 - San Juan, P.R. 00936-4487
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(Address of Principal Executive Offices) (Zip Code)
Registrant's Telephone Number, including Area Code 809 783-3000
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Not Applicable
(Former name or former address, if changed from last report)
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Item 5. Other Events
On October 4, 1995, Puerto Rican Cement Company Inc. ("the Registrant")
issued a press release announcing it had entered into agreements for
acquisition of Concreto Mixto Inc. and Ready Mix Concrete Inc. by the
Registrant, a copy of which press release is attached hereto as Exhibit 99.1
and incorporated herein by reference.
Item 7. Exhibits
(c) Exhibits
99.1 Text of press release issued by Puerto Rican Cement Company, Inc.
dated October 4, 1995
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.
PUERTO RICAN CEMENT COMPANY, INC.
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(Registrant)
Date October 4, 1995 By: /s/ Jose O. Torres
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Jose O. Torres
Vice President and Treasurer
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EXHIBIT 99.1
PUERTO RICAN CEMENT ANNOUNCES SIMULTANEOUS SIGNING OF
AGREEMENTS FOR TWO ACQUISITIONS IN THE PUERTO RICO
READY MIX INDUSTRY
SAN JUAN, October 4, 1995 Puerto Rican Cement Company, Inc. (NYSE:PRN)
today announced that it has entered into agreements for the acquisition of
Concreto Mixto Inc. and Ready Mix Concrete Inc. Both companies are privately
owned and hold a strong position in the ready-mix concrete market in Puerto
Rico with a total of 20 batching plants, which traditionally have serviced the
major construction areas in Puerto Rico. The 1994 annual sales reported by the
two companies aggregated $64 million and the companies employ a total of 395
employees.
Miguel A. Nazario, President and Chief Executive Officer of Puerto Rican
Cement said: "With these acquisitions, Puerto Rican Cement joins the global
movement within the cement industry for vertical integration. The ready-mix
operations will serve as a means of increasing our operational efficiency and
achieving growth within our core business. Furthermore, with the consolidation
of the cement industry, it is imperative for all producers to implement
strategic plans to solidify their financial and commercial standing to remain
competitive."
Consummation of each acquisition is subject to completion of Puerto Rican
Cement's due diligence review and certain regulatory approvals.
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Puerto Rican Cement, which employs 550 people, produces cement and related
products, including Portland grey cement, hydrated lime, and multiwall paper
bags, and engages in realty operations. It reported net annual sales for 1994
of $92.8 million and operates the leading manufacturing facility in Puerto
Rico for Portland type I grey cement with a rated capacity of 1 million tons
per year.
October 4, 1995
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