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
Date of Report: May 5, 1999
<TABLE>
<CAPTION>
<S> <C> <C>
Alltrista Corporation
- --------------------------
Indiana 0-21052 35-1828377
State of Incorporation Commission File Number IRS Identification Number
5875 Castle Creek Parkway,
North Drive, Suite 440
Indianapolis, IN 46250
Registrant's telephone number,
including area code: (317) 577-5000
- -----------------------------------
</TABLE>
<PAGE>
Item 5. Other Events.
Alltrista Corporation ("Alltrista") announced on May 5, 1999 that it had
entered into a definitive agreement to sell its plastic packaging division to
Spartech Corporation. The sale is expected to be completed by the end of May.
Item 7. Financial Statements and Exhibits.
(c) Exhibit 99 Press release dated May 5, 1999.
<PAGE>
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 hereunto duly authorized.
ALLTRISTA CORPORATION
(Registrant)
By: /s/
-------------------------------------------------
Kevin D. Bower
Senior Vice President and Chief Financial Officer
May 5, 1999
<PAGE>
ALLTRISTA CORPORATION
FORM 8-K
EXHIBIT INDEX
<TABLE>
<CAPTION>
<S> <C> <C>
Exhibit Description Page
Ex 99 Press release dated May 5, 1999. 5
</TABLE>
Alltrista Corporation News
5875 Castle Creek Parkway, North Drive, Suite 440, Indianapolis, Indiana
46250-4330
Alltrista Corporation to sell its plastic packaging division to Spartech
Corporation
INDIANAPOLIS, May 5, 1999 - Alltrista Corporation (NYSE:ALC) today said it had
signed a definitive agreement to sell its plastic packaging division to Spartech
Corporation (NYSE:SHE) of Clayton, Missouri. The sales price of the transaction,
which is expected to close by the end of the month, was not disclosed.
The plastic packaging unit, which had 1998 sales of $28 million, coextrudes
high-barrier plastic sheet and forms containers for the food packaging industry.
Its headquarters and manufacturing operation is in Muncie, Ind., where it
employs approximately 75 people.
"The plastic packaging operation is a niche oriented packaging company and
is not consistent with Alltrista's strategy to grow its plastics business in the
industrial thermoforming and injection molding markets," said Thomas B. Clark,
Alltrista's president and chief executive officer. "Plastic packaging will be a
much better fit with Spartech's sheet business, and it can compete in that
marketplace more efficiently than as a unit of Alltrista."
Alltrista acquired the assets of Triangle Plastics, Inc. late last month,
making Alltrista the largest industrial plastics thermoformer in the United
States. Triangle had 1998 sales of $114 million. Alltrista, a manufacturer of
plastic and metal products, had 1998 sales of $244 million. The company now
employs approximately 2,000 employees in 16 manufacturing locations.
- -end-
7/99--Contact Larry Miller, 317.577.5015; nights at 765.286.5856; e-mail,
[email protected]
