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 26, 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 26, 1999, ACX Technologies, Inc. issued the following
press release.
Contact: Holly Coors
(303) 271-7005
ACX TECHNOLOGIES TO RECEIVE GOLDEN ALUMINUM COMPANY BACK
FROM CROWN CORK & SEAL
Golden, CO - May 26, 1999 - ACX Technologies, Inc.
(NYSE:ACX) today announced that Crown Cork & Seal Company,
Inc. (Crown) has notified ACX of its intention to put Golden
Aluminum Company (GAC) back to ACX effective August 23,
1999, per its March 1997 "put" option agreement. The
agreement allowed Crown to assume the operation of GAC for a
two-year period at the end of which Crown could pay an
additional $60 million for GAC, or return it to ACX.
Joe Coors, Jr., co-CEO of ACX stated, "While we are
disappointed that Crown has reached this decision, we are
encouraged by the interest in the assets of GAC shown from a
couple of key industry players. We are currently discussing
the sale of these assets and believe we can reach an
agreement sometime in the third quarter. It is important to
note that we do not have any plans to operate GAC as a going
concern."
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 27, 1999 ACX TECHNOLOGIES, INC.
By:/s/Beth A. Parish
-------------------------
Beth A. Parish
(Controller and Principal
Accounting Officer)
