-----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, TKcz5vN/odmQb0eecojbWkVd+crqAI26p+twVg/+lqGKok4oZhH9BYN8jG7dODYI FNyWRf0tkNsX/uFcwFbubg== 0000950124-98-001395.txt : 19980318 0000950124-98-001395.hdr.sgml : 19980318 ACCESSION NUMBER: 0000950124-98-001395 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 19980302 ITEM INFORMATION: ITEM INFORMATION: FILED AS OF DATE: 19980317 SROS: NASD FILER: COMPANY DATA: COMPANY CONFORMED NAME: MORTON INDUSTRIAL GROUP INC CENTRAL INDEX KEY: 0000064247 STANDARD INDUSTRIAL CLASSIFICATION: MISCELLANEOUS FABRICATED METAL PRODUCTS [3490] IRS NUMBER: 380811650 STATE OF INCORPORATION: GA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 000-13198 FILM NUMBER: 98567191 BUSINESS ADDRESS: STREET 1: 1021 WEST BIRCHWOOD STREET CITY: MORTON STATE: IL ZIP: 61550 BUSINESS PHONE: 3092667176 MAIL ADDRESS: STREET 1: 1021 WEST BIRCHWOOD STREET CITY: MORTON STATE: IL ZIP: 61550 FORMER COMPANY: FORMER CONFORMED NAME: MLX CORP /GA DATE OF NAME CHANGE: 19960823 FORMER COMPANY: FORMER CONFORMED NAME: MCLOUTH STEEL CORP DATE OF NAME CHANGE: 19850212 8-K 1 FORM 8-K 1 U.S. 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) March 2, 1998 MORTON INDUSTRIAL GROUP, INC. (Exact name of registrant as specified in its charter) Georgia 0-13198 38-0811650 State or other jurisdiction of (Commission (I.R.S. Employer incorporation or organization File Number) Identification No.) 1021 West Birchwood, Morton, Illinois 61550 (Address of principal executive offices) (Zip Code) (Registrant's telephone number, including area code 309-266-7176 (Former name or former address, if changed since last report.) 2 ITEM 5. OTHER EVENTS On March 3, 1998, Morton Industrial Group, Inc. (the "Company") announced that it had entered into a Stock Purchase Agreement with the two principal owners of Carroll George, Inc., a Northwood, Iowa, supplier of composite structures and plastic-based assemblies and components to construction, agricultural, and industrial equipment manufacturers. Subject to its completion of due diligence and satisfaction of other conditions to closing, the Company plans to close the acquisition of substantially all of the capital stock of Carroll George, Inc., on or before May 1, 1998. ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS Exhibit 99.1 Press release dated March 3, 1998. -2- 3 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 hereunto duly authorized. MORTON INDUSTRIAL GROUP, INC. (Registrant) Date: March 16, 1998 By:/S/ Daryl L. Lindemann ------------------------ Daryl R. Lindemann Vice President Finance, Secretary, and Treasurer -3- 4 EXHIBIT INDEX EXHIBIT NO. DESCRIPTION - ----------- ----------- 99.1 Press release dated March 3, 1998. -4- EX-99.1 2 EX-99.1 1 EXHIBIT 99.1 MORTON INDUSTRIAL GROUP, INC. TO ACQUIRE CARROLL GEORGE, INC. MORTON, IL - MARCH 3, 1998 - Morton Industrial Group, Inc. (OTC BB:MGRP) today announced that it has entered into an agreement to acquire substantially all of the stock of Carroll George, Inc., a privately held company based in Northwood, Iowa. The transaction is anticipated to close within sixty days. Carroll George, Inc. is a leading supplier of composite structures and plastic-based parts, assemblies and components to leading construction, agricultural and industrial equipment manufacturers, its capabilities include die cutting, fabrication, plastic forming and plastic line bending, stamping and molding. William D. Morton, Chairman, President and Chief Executive Officer of Morton Industrial Group, Inc., stated: "We are pleased to welcome our colleagues at Carroll George, Inc. as members of our Morton Industrial Group family. A component of our growth strategy is the pursuit of appropriate synergistic acquisition opportunities. We believe that the acquisition of Carroll George, Inc. is an excellent strategic fit for Morton Industrial Group as we enhance our fabrication services with other commodities such as composite structures and plastic-based parts, assemblies and components." Morton Industrial Group, Inc. ("Morton" or the "Company") today owns Morton Metalcraft Co., a supplier of high-quality fabricated sheet metal components and subassemblies for the off-highway construction, agricultural and industrial equipment markets. Its annual revenues are approximately $100 million. It provides large original equipment manufacturers (OEMs) with a wide range of products and services in the areas of fabrication, composites, machining and electronics. Over a five-year period, from 1993 to 1997, Morton's sales have grown at an average annual compounded rate of approximately 25 percent. The Company has applied for the listing of its common stock on the Nasdaq Small Cap Market. "SAFE HARBOR" STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995: This press release contains forward looking statements (within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934), including, but not limited to, statements related to Morton's beliefs, expectations, or intentions. These statements involve risk and uncertainties that may cause Morton's actual results to differ significantly from those expected, suggested, or projected. Factors that could contribute to such differences include, but are not limited to, competition with other fabricators; the risks associated with Morton's acquisition strategy, including unanticipated problems, difficulties in integrating acquired businesses, diversion of management's attention from daily operations, possible increased interest costs, and possible adverse effects on earnings resulting from increased goodwill amortization; introduction of new technologies that require significant capital expenditures; and general economic and business conditions. -5- -----END PRIVACY-ENHANCED MESSAGE-----