<PAGE> 1
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) October 25, 1996
-------------------------
HUNTCO INC.
----------------
(Exact name of registrant as specified in its charter)
Missouri 1-13600 43-1643751
- ----------------- ---------------------- --------------
(State or other (Commission File Number) (IRS Employer
jurisdiction of Identification No.)
incorporation)
14323 S. Outer Forty, Suite 600N, Town & Country, Missouri 63017
- ---------------------------------------------------------- ---------
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (314) 878-0155
---------------------------
Not applicable
------------------------------------------------------------
(Former name or former address, if changed since last report)
<PAGE> 2
Item 5. Other Events
Huntco Inc. (the "Company") issued a news release on October 25, 1996,
with respect to its proposed acquisition of certain assets of Coil-Tec, Inc.
This news release is incorporated herein by reference to Exhibit 99 attached
hereto.
- ------------------------------------------------------------------------------
SIGNATURE
Pursuant to the requirements of the Securities and Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
HUNTCO INC.
By: /s/ Robert J. Marischen
-------------------------------------
Robert J. Marischen,
Vice Chairman & Chief Financial Officer
Date: October 25, 1996
- ------------------------------------------------------------------------------
EXHIBIT INDEX
These Exhibits are numbered in accordance with the Exhibit Table of Item
601 of Regulation S-K:
Exhibit No. Description
----------- ---------------------------------
99 News release of October 25, 1996
<PAGE>
HUNTCO INC.
14323 SOUTH OUTER FORTY - SUITE 600N
TOWN & COUNTRY, MISSOURI 63017
FOR IMMEDIATE RELEASE:
HUNTCO TO ACQUIRE CETAIN ASSETS OF COIL-TEC, INC., INCLUDING THE PLANT AND
TEMPER MILL LOCATED IN BLYTHEVILLE, ARKANSAS.
TOWN & COUNTRY, MISSOURI, October 25, 1996 . . . . . Huntco Inc. (NYSE:"HCO"),
a Town & Country based intermediate steel processor, today announced that it
had signed a letter of intent to acquire certain assets of Coil-Tec, Inc., a
wholly-owned subsidiary of ARBED Americas, Inc.
The primary asset to be acquired, in addition to inventory, is the
Blytheville, Arkansas plant facility of Coil-Tec, Inc., which is located
across the street from Huntco's largest facility. The Coil-Tec plant houses a
two high temper mill and cut-to-length line designed to produce tempered,
panel flat sheets and plates, as well as tempered hot rolled steel coils.
Huntco does not currently produce either product.
Closing of the transaction is expected to occur before the end of the calendar
year and is subject to completion of due diligence, negotiation of a
definitive agreement, termination of applicable waiting periods under the
Hart-Scott-Rodino Antitrust Improvements Act of 1976, and satisfaction of
financing contingencies, as well as approval by the Board of Directors and
shareholders of Coil-Tec, Inc. and the Board of Directors of Huntco Inc.
Terms of the transaction were not disclosed.
Huntco Inc. is a major, intermediate steel processor, specializing in the
processing of flat rolled carbon steel.
