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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
COMMISSION FILE NUMBER 33-67854
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DATE OF REPORT (DATE OF EARLIEST EVENT REPORTED) OCTOBER 26, 2000
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CMI INDUSTRIES, INC.
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(EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)
DELAWARE 57-0836097
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(STATE OR OTHER JURISDICTION OF (I.R.S. EMPLOYER
INCORPORATION OR ORGANIZATION) IDENTIFICATION NO.)
1301 GERVAIS STREET, SUITE 700, COLUMBIA, SOUTH CAROLINA 29201
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(ADDRESS OF PRINCIPAL EXECUTIVE OFFICES)
(REGISTRANT'S TELEPHONE NUMBER, INCLUDING AREA CODE) (803) 771-4434
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NOT APPLICABLE
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(FORMER NAME, FORMER ADDRESS AND FORMAL FISCAL YEAR, IF CHANGED SINCE LAST
REPORT)
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ITEM 2. ACQUISITION OR DISPOSITION OF ASSETS.
On October 27, 2000, CMI Industries, Inc. and AB Borgstena Textile,
Ltd. ("Borgstena Sweden") announced that Borgstena Textile North America, Inc.,
a wholly owned subsidiary of Borgstena Sweden, has purchased substantially all
of the assets of CMI's Chatham automotive textile business located in Elkin,
North Carolina in accordance with an Asset Purchase Agreement dated October 26,
2000. The total consideration paid to CMI for the Chatham automotive textile
business, in addition to the assumption of certain liabilities related to such
business, was $19,000,000, subject to adjustment as provided for in the Asset
Purchase Agreement.
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS.
(a) and (b) not applicable.
(c) Exhibits.
2.1 Asset Purchase Agreement by and between CMI
Industries, Inc. and Borgstena Textile North America, Inc., dated October 26,
2000.
99.1 Press Release jointly issued by CMI Industries, Inc.
and AB Borgstena Textile, Ltd., dated October 27, 2000.
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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.
CMI INDUSTRIES, INC.
Date: October 31, 2000 By:/s/ James A. Ovenden
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James A. Ovenden
Senior Vice President and
Chief Financial Officer
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