Stratford Acquisition Corp.
Canadian Office Corporate Office
2525 Tedlo Street, Unit B 67 Wall Street, Suite 2001
Mississauga, ON L5A 4A5 New York, NY 10005
Tel: (905) 566-0716 Tel: (212) 825-9292
Fax: (905) 566-0844 Fax: (212) 825-0354
STRATFORD ACQUISITION CORPORATION For Further Information Contact:
67 Wall Street, Suite 2411 Daniel W. Dowe
New York, New York 10005 President
212-825-9292
For Immediate Release
March 24, 1999
Stratford Acquisition Corporation Announces the Purchase of the Allied
Compositions /Por-Rok Business of The Sherwin-Williams Company
New York, NY, March 24, 1999 - Novex Systems International, Inc., a wholly-owned
subsidiary of Stratford Acquisition Corporation (Nasdaq OTC:HARD) announced
today that it has entered into a definitive agreement to buy the New Jersey
based Allied Compositions/Por-Rok business of The Sherwin-Williams Company
subject to the satisfaction of certain conditions. The companies expect the
transaction to close in late Spring.
Por-Rok is the brand name for the line of grout and concrete repair products
that are being purchased by Novex Systems. Novex Systems currently manufactures
and markets cement-enhancing admixtures and a line of high-end concrete repair
products that will be expanded by Por-Rok's grouting products. Novex Systems
intends to shift the manufacturing of all its concrete repair products to
Por-Rok's Clifton, New Jersey facility, but will continue to utilize its
Toronto-based plant to manufacture concrete reinforcing fibers and distribute
the company's products throughout Canada.
The Sherwin-Williams Company (NYSE:SHW) is North America's largest manufacturer,
marketer and retailer of paints and other coatings.
