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
August 23, 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 Items
On August 23, 1999, ACX Technologies, Inc. issued the following
press release.
Contact: Holly Coors
(303) 271-7005
ACX TECHNOLOGIES ANNOUNCES SALE OF GOLDEN ALUMINUM COMPANY
Golden, Colorado -August 23, 1999 - ACX Technologies, Inc.
(NYSE:ACX) today announced that it has signed a letter of intent
with Alcoa Inc. (NYSE:AA) to sell its Golden Aluminum Company for
approximately $41 million cash. ACX anticipates a non-cash
charge of approximately $10 million in the third quarter
associated with this transaction.
The transaction is subject to regulatory approvals and other
conditions and is expected to close before the end of 1999.
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. Pending a favorable ruling from the IRS, ACX
Technologies is planning to spin-off Coors Ceramics Company by
the end of 1999.
SIGNATURE
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.
ACX TECHNOLOGIES, INC.
September 7, 1999 By:/s/ Beth A. Parish
-------------------------
Beth A. Parish
(Controller and Principal
Accounting Officer)
