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 (Date of earliest event reported) May 11, 1999
DADE BEHRING INC.
____________________________________________________________
(Exact name of registrant as specified in its charter)
Delaware 333-13523 36-3949533
(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
1717 Deerfield Road, Deerfield Illinois 60015-0778
(Address of principal executive offices) (Zip Code)
____________________________________________________________
Exhibit Index on Page 2
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Item 5 Other Events
The Registrant is a wholly-owned subsidiary of Dade Behring
Holdings, Inc. which announced a share repurchase program.
The Registrant announced a number of executive changes, including
the appointment of James W.P. Reid-Anderson as its President and
Chief Operating Officer.
Item 7 Financial Statements, Pro Forma Financial Information and
Exhibits
(c) Exhibits
99.1 Press Release related to the Dade Behring Holdings,
Inc. share repurchase program.
99.2 Press Release related to executive changes.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of
1934, as amended, the Registrant has duly caused this report to be
signed on its behalf by the undersigned hereunto duly authorized.
Dade Behring Inc.
By: /s/Glenn R. Richter
Title: Senior Vice President and
Chief Financial Officer
Dated: May 11, 1999
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N E W S R E L E A S E
DADE BEHRING
DADE BEHRING INC.
1717 Deerfield Road
P.O. Box 778
Deerfield, IL 60015-0778
847.267.5300
For Immediate Release
Contact: Fred Nachman for Dade Behring, 312-832-9300 x202
Joe Grillo for Bain Capital, 617-951-0000
Dade Behring Announces Hoechst AG Will Increase Ownership Position
DEERFIELD, Ill. (May 3, 1999) - Dade Behring Inc., a leading global
manufacturer and marketer of products and systems serving clinical
diagnostics, today announced that Hoechst AG will increase its economic
ownership in the company. Hoechst AG, headquartered in Frankfurt,
Germany, currently owns a 32.5 percent share of Dade Behring.
The increased ownership will result from a share repurchase program
under which Dade Behring will repurchase a portion of its outstanding
stock from its non-Hoechst AG shareholders. The share repurchase
program will be accomplished through a recapitalization and refinancing.
The non-Hoechst AG shareholders - Bain Capital, Goldman Sachs and
company management - will continue to be the controlling shareholder
group.
With 1998 revenues of approximately $1.3 billion, Dade Behring is
among the largest clinical diagnostics companies worldwide and provides
the broadest available offering of products and systems for diagnostics
testing. Dade Behring is headquartered in Deerfield, Illinois, has
operations in 39 countries and works through distributors in other
regions.
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N E W S R E L E A S E
DADE BEHRING
DADE BEHRING INC.
1717 Deerfield Road
P.O. Box 778
Deerfield, IL 60015-0778
847.267.5300
For Immediate Release
Contact: Fred Nachman for Dade Behring, 312-832-9300 x202
Dade Behring Names Reid-Anderson
President, Chief Operating Officer
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Other Executives Are Appointed in "Customer-Focused" Organization
DEERFIELD, Ill. (May 4, 1999) - Dade Behring Inc., a leading global
manufacturer and marketer of products and systems serving clinical
diagnostics, today announced the appointment of James Reid-Anderson, 40,
as president and chief operating officer.
In this new position, Reid-Anderson will be responsible for Dade
Behring's global sales and service, research and development, marketing,
operations, regulatory affairs and quality assurance, and human-
resources management. He reports to Chief Executive Officer Steven W.
Barnes.
Reid-Anderson joined Dade Behring as executive vice president and
chief financial officer in 1996. He assumed the added role of chief
administrative officer in 1997. Prior to joining Dade Behring, he was
chief operating officer and chief administrative officer of Wilson
Sporting Goods in Chicago from 1994 to 1996. Previous to that, he held
executive positions with Pepsico Inc., Grand Metropolitan PLC and Mobil
Oil Corporation. He earned a commerce degree with honors from the
University of Birmingham in England and is a fellow of the Chartered
Association of Certified Accountants.
"Jim's new responsibilities as president and chief operating
officer are an extension and a reflection of the superb job he has done
<PAGE>
in helping build one of the leading global diagnostics companies,"
Barnes said. "In the years ahead, he will continue to be instrumental
in our focus on providing leading products and unequalled service to our
customers within the clinical diagnostics field worldwide."
Dade Behring also announced a number of other executive
appointments, reporting to Reid-Anderson. These relate to an
organizational streamlining of global product management and geographic
operations, designed to enhance the company's leadership position:
. Robert Brightfelt, 55, becomes president, Global Products,
responsible for global research and development, marketing, and
operations across the company's uniquely wide range of products and
systems for clinical chemistry, immunochemistry, hemostasis,
microbiology, infectious-disease diagnostics, plasma-protein
analysis, cardiac diagnostics and drug monitoring. He had been
group president for Chemistry products. He has 33 years of
experience in health care and diagnostics with Dade Behring and
DuPont Diagnostics. He holds an M.B.A. degree from the University
of Georgia and an M.S. and B.S. with distinction from the
University of Nebraska.
. Marc N. Casper, 31, becomes president for the Americas,
responsible for the company's sales, service and marketing
operations in that region. He had been executive vice president
for Europe, Asia and Intercontinental. Casper has been with Dade
Behring since 1995. He holds an M.B.A. degree with high
distinction from the Harvard Business School and a B.A. in
economics from Wesleyan University.
. Donal Quinn, 43, becomes president for Europe, Middle East and
Africa. He had been group president for Biology products since
joining Dade Behring in 1998. Previously, he has more than 20
years of health-care industry experience, including executive
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positions with Mallinckrodt Medical and Abbott Laboratories. He
earned a B.S. degree in economics from Cork University in Ireland.
. Hiroshi Uchida, 39, becomes president for Asia. He had been
vice president and general manager for the Asia-Pacific region
since joining Dade Behring in 1997. His previous experience
includes senior positions with Arthur D. Little and Bain
Consulting. He holds Ph.D. and M.A. degrees from Harvard
University and a B.A. degree from Brown University.
In addition, the company has appointed Glenn Richter, 37, as chief
financial officer, reporting to Barnes. Richter has been with the
company since 1997, most recently as senior vice president and corporate
controller. Prior to joining Dade Behring, his 11 years of executive
experience included positions with the Frito-Lay Company and McKinsey &
Company. He holds an M.B.A. degree from Duke University and a B.B.A.
degree from the George Washington University.
"Each of these appointments is important to our continuing
evolution in building the most customer-focused diagnostics company
worldwide," said Barnes. Since the merger of Dade International and
Behring Diagnostics in October 1997, we have been tremendously
successful in leveraging our combined capabilities to help clinical
laboratories contribute to improved patient outcomes while increasing
<PAGE>
laboratory productivity. Our focus is on being today's best resource
for the customers we serve."
With 7,100 employees and 1998 revenues of approximately $1.3
billion, Dade Behring is among the largest clinical diagnostics
companies worldwide and provides the broadest available offering of
products and systems for diagnostics testing. Many of the company's
products hold leadership positions in markets around the world. Dade
Behring is headquartered in Deerfield, Illinois, has operations in 39
countries and works through distributors in other regions.
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