FORM 8-K
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Date of Report (Date of Earliest Event Reported) January 22, 1999
CURRENT REPORT PURSUANT TO SECTION 13 or 15 (d)
OF THE SECURITIES EXCHANGE ACT OF 1934
Commission file number: 1-13418
FALCON BUILDING PRODUCTS, INC.
(Exact Name of Registrant as Specified in Its Charter)
DELAWARE 36-3931893
(State or Other Jurisdiction of (I.R.S. Employer
Incorporation or Organization) Identification No.)
233 SOUTH WACKER DRIVE
CHICAGO, ILLINOIS 60606
(Address of Principal Executive Office)
(312) 906-9700
(Registrant's telephone number, including area code)
NOT APPLICABLE
(FORMER NAME, FORMER ADDRESS AND FORMER FISCAL YEAR, IF CHANGED SINCE LAST
REPORT)
ITEM 5. OTHER EVENTS
On January 22, 1999, Falcon Building Products, Inc. ("Falcon") acquired
the assets and business of Penn Ventilation Companies, Inc.
The press release announcing the above is attached as an exhibit hereto.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
(c) Exhibits
99.1 Press release issued by Falcon Building Products, Inc. on January
25, 1999.
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.
FALCON BUILDING PRODUCTS, INC.
By: /s/ Sam A. Cottone
Sam A. Cottone
Senior Vice President and
Chief Financial Officer
Dated: January 27, 1999
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Exhibit 99.1
FOR IMMEDIATE RELEASE Contact: Anthony Navitsky
JANUARY 25, 1999 312.906.9700
FALCON BUILDING PRODUCTS ACQUIRES THE PENN VENTILATION COMPANIES
ADDS LEADING FAN MANUFACTURER TO GROWING PORTFOLIO
Chicago, IL. . . . Officials at Falcon Building Products, Inc. announced today
that its Hart & Cooley, Inc. subsidiary has completed the acquisition of the
assets and business of The Penn Ventilation Companies, Inc., headquartered in
Philadelphia, Pennsylvania.
Founded in 1928, Penn Ventilation is a leader in air moving and control
equipment for commercial and industrial applications. The company's extensive
product line includes centrifugal and axial fans, gravity ventilators, dampers
and louvers marketed under the Penn, Barry Blower and Supreme labels.
Hart Cooley, Inc. is a leading manufacturer of heating, ventilation and air
conditioning (HVAC) products located in Holland, Michigan. The acquisition is a
strategic addition to the Hart & Cooley, Inc. family of products, broadening the
company's presence in key commercial HVAC markets.
"The Penn acquisition is consistent with our strategic objective to add quality
business with complementary product lines and distribution channels to our
existing business," said William K. Hall, Chairman and CEO of Falcon. "Penn
Ventilation will significantly enhance Hart & Cooley's growth in commercial and
industrial ventilation markets."
Penn Ventilation has manufacturing plants in Tabor City, North Carolina;
Junction City, Kentucky; Fridley, Minnesota; and Banning, California with
additional distribution facilities in Reno, Nevada and Farnham, Quebec, Canada.
<PAGE>
In addition to Hart & Cooley, Inc., Falcon Building Products owns Devilbiss Air
Power Company, a leading manufacturer of air compressors, pressure washers,
electric generators and air-powered hand tools headquartered in Jackson,
Tennessee; and the Columbus, Ohio-based
(more)
Mansfield Plumbing Products, Inc., manufacturer of high quality plumbing
fixtures for the residential construction and remodeling markets. Privately-held
Falcon Building Products, with annual sales exceeding $800MM, is headquartered
in Chicago, Illinois.
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