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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 of 1934
Date of Report (date of earliest event reported): December 31, 1996
CALGON CARBON CORPORATION
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(Exact name of registrant as specified in its charter)
Delaware 0-15903 25-0530110
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(State or other jurisdiction of (Commission (I.R.S. Employer
incorporation or organization) File Number) Identification No.)
P. O. Box 717, Pittsburgh, PA 15230-0717 15230-0717
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (412) 787-6700
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Item 2. Acquisition or Disposition of Assets.
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On December 31, 1996, Calgon Carbon Corporation (the Company) purchased
the stock of Advanced Separation Technologies, Inc. (AST) from Progress Capital
Holdings, Inc. and Potomac Capital Investment Corporation for $70 million in
cash. AST is headquartered in Lakeland, Florida, and designs and manufactures
proprietary separation equipment that employs continuous ion exchange and
continuous chromatography technologies. AST serves both the industrial process
and environmental markets worldwide and is a leader in supplying separation
systems to the lysine and corn syrup industries. The assets acquired include
technology, equipment and other assets used in the normal course of business.
The equipment acquired will be used by the Company in the same manner as before
the acquisition.
AST provides the Company with innovative proven technologies that are
complementary to activated carbon. AST's technical expertise and leadership
position will enable the Company to broaden its participation in certain key
markets and will provide an entry into other existing and promising markets that
the Company does not currently serve.
The Company utilized both currently available funds and drawings on its
United States credit facilities to purchase the stock of AST.
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Item 7. Financial Statements and Pro Forma Financial Information.
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(a) (1) It is impracticable to file herewith the financial
statements required by (a) (1) of this Item. Such financial statements shall be
filed as soon as practicable, but not later than March 17, 1997.
(b) It is impracticable to file herewith the pro forma
statements required by (b) of this Item. Such pro forma financial information
shall be filed as soon as practicable, but not later than March 17, 1997.
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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.
CALGON CARBON CORPORATION
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(REGISTRANT)
Date: January 15, 1997 By /s/ R. Scott Keefer
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R. Scott Keefer
Sr. Vice President-Finance,
Chief Financial Officer
