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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
8-K/A
CURRENT REPORT PURSUANT TO SECTION 13 OR 15 (D)
OF THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of Earliest Event Reported): November 4, 1999
PENDA CORPORATION
(Exact name of registrant as specified in its charter)
FLORIDA 33-77728 65-0463658
(STATE OF INCORPORATION) (COMMISSION FILE NO.) (I.R.S. EMPLOYER
IDENTIFICATION NO.)
(608) 742-5301
(Registrant's telephone number, including area code)
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Item 5. Other Events.
On October 29, 1999, Penda Glasstite, Inc., a wholly owned
subsidiary of Penda Corporation, acquired substantially all of the assets of
Glasstite Inc., a Minnesota corporation, a subsidiary of Raven Industries, Inc.
Glasstite Inc. engaged in the business of manufacturing and selling fiberglass
toppers, lids, and related accessories for motor vehicles.
Item 7. Financial Statements and Exhibits.
Exhibits:
99.1 Press Release, dated October 29, 1999.
SIGNATURE
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.
By: /s/ Samuel Mostkoff
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Name: Samuel Mostkoff
Title: Vice President and
General Counsel
Date: October 29, 1999
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EXHIBIT INDEX
Exhibit Description
99.1 Press Release, dated October 29, 1999.
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EXHIBIT 99.1
PRESS RELEASE OCTOBER 29, 1999
FOR RELEASE: Immediately
FOR MORE INFORMATION: Kristin Uttech
Director of Marketing
Penda Corporation
(608) 742-5301 Ext. 7827
PENDA ANNOUNCES
ACQUISITION OF GLASSTITE, INC.
PORTAGE, WIS. - Penda Corporation announced today that it has acquired the
assets of Glasstite, Inc. Glasstite, located in Dunnell, MN, is a leading
manufacturer of fiberglass camper shells and tonneau covers. Penda currently
owns Tri-Glas, Inc., a fiberglass plant in Dothan, AL.
Jack Thompson, President and CEO of Penda Corporation, states,
"The planned acquisition of Glasstite allows Penda to further expand our
fiberglass presence. We have identified the fiberglass industry, especially
fiberglass tonneau covers, as an area with exceptional growth opportunities."
Jeff Rastocan, Vice President of Sales and Marketing for Penda
explains, "Glasstite is the quality leader in fiberglass products, and Penda is
the quality leader in bedliners. Together we will have many market synergies.
Our well-known brand names along with our focus on providing our customers
premium products will allow us to capitalize on our mutual strengths to grow our
current market share."
Penda, an affiliate of Trivest, Inc., is one of the largest
manufacturers and marketers of pick-up truck bedliners in the United States,
serving both the original equipment and automotive aftermarkets. Penda
manufactures the top brand bedliner, Pendaliner(R) SR(TM) and the officially
licensed products of NASCAR Trucks, the Pendaliner(R) SR PRO(TM) and Pendacover
PRO(TM), as well as the Pendatray SR(TM), Pendacover(TM), Hide-a-Hook(R) tie
downs, Tri-Step(TM) premium step boards and bed mats. Penda's subsidiary,
Tri-Glas Industries, manufacturers premium fiberglass truck accessories
including truck caps, running boards and tonneau.
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