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 June 30, 1995
(Date of earliest event reported) June 27, 1995
AUGAT INC.
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(Exact name of registrant as specified in its charter)
Massachusetts
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(State or other Jurisdiction of incorporation)
1-6176 04-2022285
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(Commission File Number) (IRS Employer Identification No.)
89 Forbes Boulevard
P.O. Box 448
Mansfield, Massachusetts 02048
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code
(508) 543-4300
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Item 5 - Other Events
On June 27, 1995, the Registrant announced the
acquisition of Elastomeric Technologies Inc., a manufacturer of
customized interconnection technology used in communications and
portable electronics. Financial terms of the agreement were not
disclosed. Enclosed as Exhibit 1 is a copy of the news release
covering the above item.
Item 7 - Financial Statements and Exhibits
(a) Financial Statements - None
(b) Exhibit 1 - The Registrant's news release dated
June 27, 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 thereto duly authorized.
Augat Inc.
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(Registrant)
By: Ellen B. Richstone
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Ellen B. Richstone
Vice President and
Chief Financial Officer
Date: June 30, 1995
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Exhibit 1
FOR IMMEDIATE RELEASE
Contact:
Ellen B. Richstone James R. Buckley
Chief Financial Officer Account Specialist
Augat Inc. Sharon Merrill Associates, Inc.
508/543-4300 617/262-1800
AUGAT INC. ANNOUNCES ACQUISITION OF ELASTOMERIC TECHNOLOGIES
Acquisition of niche market leader will broaden
Augat's offerings to interconnection technology customers
MANSFIELD, Mass., June 27, 1995 -- Augat Inc. (NYSE:AUG)
today announced the acquisition of Elastomeric Technologies Inc.,
a manufacturer of customized interconnection technology used in
communications and portable electronics. Financial terms of the
agreement were not disclosed.
"We are very excited about the acquisition of Elastomeric
Technologies and the opportunities it offers Augat," said William
R. Fenoglio, Augat's President and Chief Executive Officer.
"Elastomeric is the recognized market leader in the elastomer
connector industry. This acquisition is consistent with our
corporate strategy of focusing on growing segments within the
communications sector. We, at Augat, are focusing on the many
attractive opportunities in the cellular, video equipment, pager
and personal electronics areas that demand custom applications.
"These custom applications require two key technologies:
first, advanced design and molding concepts to integrate the
connection systems to the molded case and second, new connector
processes that flexibly conform to low-profile, high-density,
surface-mount technology demands," continued Fenoglio. "The
acquisition of Elastomeric, coupled with Augat's leading position
in design and molding, will position us well to capitalize on
these opportunities."
Elastomeric, based in Hatboro, Pennsylvania, has annual
revenues of approximately $5 million and provides packaging
solutions for mobile electronics companies with applications in
devices such as automobiles, cellular telephones, notebook
computers, pagers and printers. The company's major customers
include AT&T, Hewlett-Packard, Motorola and Franklin.
One of the largest manufacturers of connector products in
the world, Augat Inc. is pursuing a strategy for growth in
communications, automotive, computer and industrial markets
through customer partnerships, new-product introductions,
strategic acquisitions and ongoing productivity measures.
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