U.S. 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: September 25, 1997
(Date of earliest event reported)
______________________________
MONROC, INC.
(Exact name of registrant as specified in its charter)
DELAWARE 0-23880 87-0436697
(State or other jurisdiction of (Commission file number) (I.R.S. employer
incorporation or organization) identification no.)
P.O. Box 537, 1730 Beck Street
Salt Lake City, Utah 84116
(Address of principal executive offices)
(801) 359-3701
(Registrant's telephone number, including area code)
______________________________
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Item 5. Other Events.
On September 25, 1997, Monroc, Inc., a Delaware corporation (the
"Company") announced that it has entered into negotiations to sell all of the
assets of its precast concrete division to EnCon West, Inc., a Colorado
corporation ("EnCon West").
The parties have agreed in principle that EnCon West will acquire the
assets of the Company's precast concrete division for the division's net book
value, plus $3.5 million. The closing of the proposed transaction is subject
to negotiation and execution of definitive agreements and satisfaction of
certain preclosing conditions. The parties expect the transaction to close in
October 1997.
The Company produces and sells ready-mix concrete, sand and gravel
products, prestressed and precast concrete building components and accessories
to the construction industry and the concrete trade in the Mountain States
region.
Note: The statements made above are forward-looking statements and
are subject to risks and uncertainties which may cause actual
events to vary materially from the forward-looking statements. Factors which
may cause such results to vary include, without limitation, the Company's
inability to successfully negotiate the proposed sale of its precast concrete
division on terms acceptable to the Company, including, the inability of the
parties to satisfy the pre-closing conditions.
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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 thereunto duly authorized.
MONROC, INC.
(Registrant)
By: /s/ L. William Rands
--------------------------------
L William Rands
Its: Vice President -- Finance,
Treasurer and Secretary
Date: September 26, 1997
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INDEX TO EXHIBITS
Exhibit #
99.1 Press Release issued and dated September 25, 1997
Page 4 of 4
Exhibit 99.1
FOR IMMEDIATE RELEASE: Thursday, September 25, 1997
CONTACT: L. William Rands, CFO Madeleine Franco
Monroc, Inc. or Andrew Graft
(801) 359-3701 Jordan Richard Assoc.
(801) 595-8611
MONROC, INC. NEGOTIATING SALE OF PRECAST DIVISION
TO ENCON WEST, INC.
SALT LAKE CITY, UTAH--- Monroc, Inc. (NASDAQ: MROC) announced today that, in
accordance with its ongoing effort to maximize shareholder value, the company
has entered into negotiations to sell all of the assets of its precast
concrete division to EnCon West, Inc. of Denver, Colo.
The parties have agreed in principle that EnCon West will acquire the assets
of Monroc's precast concrete division for the division's net book value, plus
$3.5 million. The closing of the proposed transaction is subject to
negotiation and execution of definitive agreements and satisfaction of certain
preclosing conditions. The parties expect the transaction to close in October
1997.
Monroc, Inc. produces and sells ready-mix concrete, sand and gravel products,
prestressed and precast concrete building components and accessories to the
construction industry and the concrete trade in the Mountain States region.
###
Note: The statements made in this press release are forward-looking
statements and are subject to risks and uncertainties which may cause
actual events to vary materially from the forward-looking statements.
Factors which may cause such results to vary include, without
limitation, the company's ability or inability to successfully
consummate the proposed sales of its precast division on terms
acceptable to Monroc, and the ability or inability of the parties to
satisfy preclosing conditions.
