UNITED STATES
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
May 25, 1999
(Date of earliest event reported)
Commission file number: 0-20704
ACX TECHNOLOGIES, INC.
(Exact name of registrant as specified in its charter)
Colorado 84-1208699
(State or other jurisdiction (I.R.S. Employer
of incorporation or organization) Identification No.)
16000 Table Mountain Parkway, Golden, Colorado 80403
(Address of principal executive offices) (Zip Code)
(303) 271-7000
(Registrant's telephone number, including area code)
Item 5. Other Events
On May 25, 1999, ACX Technologies, Inc. issued the following
press release.
Contact: Holly Coors
(303) 271-7005
ACX TECHNOLOGIES ANNOUNCES SALE OF GOLDEN GENESIS SHARES
Golden, CO - May 25, 1999 - ACX Technologies, Inc.
today announced that Kyocera International, Inc., a wholly
owned subsidiary of Kyocera Corporation, has agreed to
purchase 100% of the common shares of Golden Genesis
Corporation, including the 55% owned by ACX Technologies,
Inc. The agreed price is $2.33 per share and it is expected
that the transaction will close by the end of July 1999.
Joe Coors, Jr., Chief Executive Officer of ACX stated,
"As a globally recognized solar cell producer, Kyocera
brings a solid foundation to Golden Genesis and will be able
to support continued growth in a rapidly changing solar
marketplace. The sale of our shares of Golden Genesis
brings ACX one step closer to realizing our goal of becoming
a pure packaging and ceramics company."
ACX Technologies expects to receive approximately $30
million in cash for the sale of their shares and repayment
of debt.
ACX Technologies, Inc., through its two primary
businesses, applies innovative technology to manufacture
value-added industrial products. Coors Ceramics Company
provides enabling technology through advanced technical
ceramics and other engineered materials. Graphic Packaging
Corporation is a specialty packaging manufacturer that
produces high performance folding cartons. ACX can be
visited on the world wide web at http://www.acxt.com.
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, thereunto duly authorized.
May 26, 1999 ACX TECHNOLOGIES, INC.
By:/s/Beth A. Parish
-------------------------
Beth A. Parish
(Controller and Principal
Accounting Officer)
