-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, JdpNo4b6DNMMPHHhvFyaQeEPGsnOsE5yuD4BEjem9CKmsDQ1nD+v2xFIUIKaw2Iu hqJVbVe+9R0EsPMc1dKoZQ== 0000950152-01-000017.txt : 20010122 0000950152-01-000017.hdr.sgml : 20010122 ACCESSION NUMBER: 0000950152-01-000017 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20001229 ITEM INFORMATION: ITEM INFORMATION: FILED AS OF DATE: 20010102 FILER: COMPANY DATA: COMPANY CONFORMED NAME: GENCORP INC CENTRAL INDEX KEY: 0000040888 STANDARD INDUSTRIAL CLASSIFICATION: MOTOR VEHICLE PARTS & ACCESSORIES [3714] IRS NUMBER: 340244000 STATE OF INCORPORATION: OH FISCAL YEAR END: 1130 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 001-01520 FILM NUMBER: 1500502 BUSINESS ADDRESS: STREET 1: HIGHWAY 50 & AEROJET ROAD CITY: ANCHO CORDOVA STATE: CA ZIP: 95670 BUSINESS PHONE: 9163554000 MAIL ADDRESS: STREET 1: HIGHWAY 50 & AEROJET ROAD CITY: ANCHO CORDOVA STATE: CA ZIP: 95670 FORMER COMPANY: FORMER CONFORMED NAME: GENERAL TIRE & RUBBER CO DATE OF NAME CHANGE: 19840330 8-K 1 l85790ae8-k.txt GENCORP INC. CURRENT REPORT ON FORM 8-K 1 SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 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) December 29, 2000 ----------------- GenCorp Inc. (Exact Name of Registrant as Specified in Charter) Ohio 1-01520 34-0244000 ---- ------- ---------- (State or Other Jurisdiction (Commission File IRS Employer of Incorporation) Number) Identification No.) Highway 50 and Aerojet Road, Rancho Cordova, California 95670 - ------------------------------------------------------- ----- (Address of Principal Executive Offices) (Zip Code) P.O. Box 537012, Sacramento, California 95853-7012 - --------------------------------------- ---------- (Mailing Address) (Zip Code) Registrant's telephone number, including area code (916) 355-4000 -------------- 2 ITEM 5. OTHER EVENTS Attached hereto as Exhibit 99 and incorporated herein by this reference is the text of the registrant's press release which was issued on December 29, 2000. In a GenCorp Inc. press release dated December 29, 2000, GenCorp Inc. announced that it has completed the purchase of the Draftex International Car Body Seals Division, the automotive vehicle sealing unit of The Laird Group. ITEM 7. EXHIBITS Table Exhibit Item No. Exhibit Description Number - -------- ------------------- ------- 99 GenCorp Inc. press release dated December 29, 2000 99 announcing that it has completed the purchase of the Draftex International Car Body Seals Division, the automotive vehicle sealing unit of The Laird Group. 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, thereunto duly authorized. GENCORP INC. By: /s/ William R. Phillips -------------------------------- Name: William R. Phillips Title: Senior Vice President, Law, General Counsel and Secretary Dated: January 2, 2001 EX-99 2 l85790aex99.txt NEWS RELEASE EXHIBIT 99 1 EXHIBIT 99 GENCORP Rosemary B. Younts Sr. VP, Communications (916) 351-8650 (916) 804-7820 NEWS RELEASE Terry Hall Sr. VP, CFO (202)828-6800 FOR IMMEDIATE RELEASE GENCORP COMPLETES DRAFTEX INTERNATIONAL ACQUISITION, CREATING LARGEST NORTH AMERICAN AUTOMOTIVE SEALING SUPPLIER FARMINGTON HILLS, MICHIGAN, December 29, 2000 - GenCorp (NYSE: GY) announced today the completion of the acquisition of Draftex International Car Body Seals, creating the world's second largest automotive sealing supplier and the largest North American supplier of highly engineered vehicle sealing systems with nearly one-third of North American sales. The purchase price was approximately $198 million, and includes the Draftex Worldwide Headquarters and International European Technical Center in Dusseldorf, Germany, and 11 manufacturing plants in six countries - Germany, France, Spain, China, Czech Republic and the U.S. Draftex will become part of GenCorp Vehicle Sealing, the industry leader in sealing technology for sport utility vehicles and a major supplier of sealing systems for passenger cars and pickup trucks. The segment reports to Joseph Gray, GenCorp Vice President and President of GenCorp Vehicle Sealing. Draftex adds about $415 million in annual sales to GenCorp for total Vehicle Sealing sales of some $875 million. It also adds 5,484 employees worldwide for total Vehicle Sealing employment of 10,370. 2 The company expects the acquisition, including related cost synergies, to be accretive by about $ 0.09 per share in 2001. "The acquisition of Draftex is consistent with GenCorp's strategy for our Vehicle Sealing segment to grow by participating in the consolidation occurring within the automotive industry," said GenCorp Chairman and CEO Bob Wolfe. "Not only will Draftex provide significant global strength and new growth opportunities for the Vehicle Sealing segment, it will greatly improve GenCorp's cash generation capability in the near term to fuel growth in other areas of the company." "We are excited to welcome Draftex with its complimentary customer and platform bases, global capabilities and relationships, and outstanding people and technologies to GenCorp Vehicle Sealing," Gray said. "As we immediately begin integration activities, we expect to realize important cost synergies, through management consolidation and the rationalization of production capability on both continents." A division of the Laird Group for over 30 years, Draftex maintains global relationships with Volkswagen, BMW, Mercedes, Renault and Ford. It is a key sealing supplier on platforms that include the Ford Focus, Volkswagen Golf and Renault Scenic. GenCorp Vehicle Sealing, with headquarters in Farmington Hills, Michigan, operates five manufacturing facilities in North America, two European plants located in Germany and Ireland, and three dedicated technical centers: Farmington Hills, Michigan; Wabash, Indiana; and Rehburg, Germany. Principal sealing platforms include the Ford F-Series and Ranger Pickups, Ford Explorer, General Motors Chevrolet Pickup and the Mercedes All-Purpose Vehicle. "Together, GenCorp and Draftex provide a substantially broadened and more diversified customer base," said Gray, "and a balanced portfolio that is ideally positioned to grow, innovate and change with the marketplace." GenCorp is a technology-based manufacturer with leading positions in the aerospace and defense, pharmaceutical fine chemicals and automotive industries. For more information, visit the company's we site at http:www.gencorp.com. -----END PRIVACY-ENHANCED MESSAGE-----