UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
Under the Securities and Exchange Act of 1934
(Amendment No. 1)
ABT BUILDING PRODUCTS CORPORATION
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(Name of Issuer)
Common Stock, par value $.01 per share
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(Title of Class of Securities)
000782102
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(CUSIP Number)
* The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter the
disclosures provided in a prior cover page.
The information required in the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 ("Act") or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act.
<PAGE>
CUSIP NO. 000782102
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1. Name of Reporting Person KABT Acquisition Company, L.P.
I.R.S. Identification No.
of Above Person
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2. Check the Appropriate Box (a) [ ]
if a Member of a Group (b) [ ]
- --------------------------------------------------------------------------------
3. S.E.C. Use Only
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4. Citizenship or Place of Organization Delaware
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Number of Shares (5) Sole Voting Power -0-
Beneficially (6) Shared Voting Power 4,889,776 shares
Owned by Each of Common Stock
Reporting Person (7) Sole Dispositive Power -0-
(8) Shared Dispositive Power 4,889,776 shares
of Common Stock
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9. Aggregate Amount Beneficially Owned by Each Reporting Person
4,889,776 shares of Common Stock
- --------------------------------------------------------------------------------
10. Check if the Aggregate Amount in Row (9) Excludes Certain
Shares
[ ]
- --------------------------------------------------------------------------------
11. Percent of Class Represented by Amount in Row 9 45.8%
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12. Type of Reporting Person PN
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<PAGE>
CUSIP NO. 000782102
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1. Name of Reporting Person Kohlberg Associates, L.P.
I.R.S. Identification No.
of Above Person
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2. Check the Appropriate Box (a) [ ]
if a Member of a Group (b) [ ]
- --------------------------------------------------------------------------------
3. S.E.C. Use Only
- --------------------------------------------------------------------------------
4. Citizenship or Place of Organization Delaware
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Number of Shares (5) Sole Voting Power -0-
Beneficially (6) Shared Voting Power 4,907,596 shares
Owned by Each of Common Stock
Reporting Person (7) Sole Dispositive Power -0-
(8) Shared Dispositive Power 4,907,596 shares
of Common Stock
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9. Aggregate Amount Beneficially Owned by Each Reporting Person
4,907,596 shares of Common Stock
- --------------------------------------------------------------------------------
10. Check if the Aggregate Amount in Row (9) Excludes Certain
Shares
[ ]
- --------------------------------------------------------------------------------
11. Percent of Class Represented by Amount in Row 9 46.0%
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12. Type of Reporting Person PN
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<PAGE>
CUSIP NO. 000782102
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1. Name of Reporting Person Kohlberg & Kohlberg LLC
I.R.S. Identification No.
of Above Person
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2. Check the Appropriate Box (a) [ ]
if a Member of a Group (b) [ ]
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3. S.E.C. Use Only
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4. Citizenship or Place of Organization Delaware
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Number of Shares (5) Sole Voting Power -0-
Beneficially (6) Shared Voting Power 4,907,596 shares
Owned by Each of Common Stock
Reporting Person (7) Sole Dispositive Power -0-
(8) Shared Dispositive Power 4,907,596 shares
of Common Stock
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9. Aggregate Amount Beneficially Owned by Each Reporting Person
4,907,596 shares of Common Stock
- --------------------------------------------------------------------------------
10. Check if the Aggregate Amount in Row (9) Excludes Certain
Shares
[ ]
- --------------------------------------------------------------------------------
11. Percent of Class Represented by Amount in Row 9 46.0%
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12. Type of Reporting Person OO
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<PAGE>
CUSIP NO. 000782102
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1. Name of Reporting Person James A. Kohlberg
I.R.S. Identification No.
of Above Person
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2. Check the Appropriate Box (a) [ ]
if a Member of a Group (b) [ ]
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3. S.E.C. Use Only
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4. Citizenship or Place of Organization U.S. Citizen
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Number of Shares (5) Sole Voting Power -0-
Beneficially (6) Shared Voting Power 4,907,596 shares
Owned by Each of Common Stock
Reporting Person (7) Sole Dispositive Power -0-
(8) Shared Dispositive Power 4,907,596 shares
of Common Stock
- --------------------------------------------------------------------------------
9. Aggregate Amount Beneficially Owned by Each Reporting Person
4,907,596 shares of Common Stock
- --------------------------------------------------------------------------------
10. Check if the Aggregate Amount in Row (9) Excludes Certain
Shares
[ ]
- --------------------------------------------------------------------------------
11. Percent of Class Represented by Amount in Row 9 46.0%
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12. Type of Reporting Person IN
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<PAGE>
ITEM 1
(A) NAME OF ISSUER
ABT Building Products Corporation
(B) ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES
One Neenah Center
Suite 600
Neenah, Wisconsin 54956-3070
ITEM 2
(A) NAME OF PERSON FILING
(i) KABT Acquisition Company, L.P. ("KABT")
(ii) Kohlberg Associates, L.P. ("Associates")
(iii) Kohlberg & Kohlberg, LLC ("KK")
(iv) James A. Kohlberg
(B) ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE
Kohlberg & Co.
111 Radio Circle
Mt. Kisco, NY 10549
(C) CITIZENSHIP
KABT and Associates are limited partnerships organized under
the laws of the State of Delaware. KK is a Delaware limited
liability company. Mr. Kohlberg is a United States citizen.
(D) TITLE OF CLASS OF SECURITIES
Common Stock, par value $.01 per share
(E) CUSIP NUMBER
000782102
ITEM 3 THIS STATEMENT IS NOT FILED PURSUANT TO RULE 13d-1(b), OR
13d-2(b).
<PAGE>
ITEM 4 OWNERSHIP
(a) Amount Beneficially Owned: 4,907,596
(b) Percent of Class: 46.0%
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote:
None
(ii) shared power to vote or to direct the vote:
4,907,596
(iii) sole power to dispose or to direct the
disposition of: None
(iv) shared power to dispose or to direct the
disposition of: 4,907,596
KABT directly owns 4,899,776 shares. Associates
directly owns 7,820 shares and is the general partner
of KABT. KK is the general partner of Associates.
James A. Kohlberg is the managing member of KK. KK,
as general partner of Associates, may be deemed to
have beneficial ownership of the shares beneficially
owned by Associates but disclaims the beneficial
ownership of such shares except to the extent of its
proportionate interest in Associates. Mr. Kohlberg,
as the managing member of KK, may be deemed to share
voting and dispositive power with respect to the
shares beneficially owned by KK but disclaims such
beneficial ownership.
On January 19, 1999, ABT Building Products
Corporation ("ABT") entered into an Agreement and
Plan of Merger (the "Merger Agreement") with
Louisiana-Pacific Corporation, a Delaware corporation
("Louisiana-Pacific"), pursuant to which Striper
Acquisition, Inc., a Delaware corporation and a
wholly owned subsidiary of Louisiana-Pacific
("Offeror"), commenced a tender offer (the "Offer")
for all of the outstanding shares of Common Stock,
par value $.01 per share, of ABT (the "Common
Stock"), at a purchase price in cash of $15.00 per
share ("Offer Consideration"). The Offer commenced on
January 25, 1999 and is currently scheduled to expire
on February 23, 1999. Following the consummation of
the Offer, Offeror will be merged with and into ABT
and ABT will continue as the surviving entity. All
remaining outstanding shares of Common Stock will be
converted into the right to receive the Offer
Consideration in cash without interest.
In connection with the Merger Agreement, on January
19, 1999, KABT and Associates, together with another
stockholder of ABT, entered into a Stockholder
Agreement with Louisiana-Pacific and Offeror
("Stockholder Agreement") pursuant to which KABT and
Associates agreed, among other things, to validly
tender in the Offer (and not withdraw) all of the
shares of Common Stock beneficially owned by them and
<PAGE>
to vote such shares in favor of the consummation of
the transaction contemplated by the Merger Agreement
and against any other adverse acquisition proposal.
KABT and Associates have also granted
Louisiana-Pacific or any of its designees an
irrevocable proxy to vote or act by written consent
with respect to the shares of Common Stock
beneficially owned by KABT and Associates in
accordance with the Stockholder Agreement. In
addition, KABT and Associates granted to
Louisiana-Pacific an irrevocable option to purchase
all of the shares of Common Stock beneficially owned
by them at a purchase price in cash equal to $15.00
or the highest price paid in the Offer, exercisable
upon certain conditions specified in the Stockholder
Agreement.
On January 29, 1999, KABT and Associates tendered all
of the shares of Common Stock beneficially owned by
them to the Offeror in accordance with the terms of
the Stockholder Agreement. KABT and Associates have
no plan to withdraw such tender.
ITEM 5 OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS
Not applicable
ITEM 6 OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER
PERSON
Not applicable
ITEM 7 IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH
ACQUIRED THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING
COMPANY
Not applicable
ITEM 8 IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP
Not applicable
ITEM 9 NOTICE OF DISSOLUTION OF GROUP
Not applicable
ITEM 10 CERTIFICATION
Not applicable
<PAGE>
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.
Date: February 12, 1999
KABT ACQUISITION COMPANY, L.P.
By Kohlberg Associates, L.P.
Its General Partner
By Kohlberg & Kohlberg, LLC
Its General Partner
By: /s/ Samuel P. Frieder
-------------------------
Samuel P. Frieder
Vice President
KOHLBERG ASSOCIATES, L.P.
By Kohlberg & Kohlberg, LLC
Its General Partner
By: /s/ Samuel P. Frieder
-------------------------
Samuel P. Frieder
Vice President
KOHLBERG & KOHLBERG LLC
By: /s/ Samuel P. Frieder
-------------------------
Samuel P. Frieder
Vice President
JAMES A. KOHLBERG
/s/ James A. Kohlberg
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