SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549


                                    FORM 8-K

                CURRENT REPORT PURSUANT TO SECTION 13 OR 15(D) OF
                           THE SECURITIES ACT OF 1934



DATE OF REPORT (DATE OF EARLIEST EVENT REPORTED)     JULY 6, 2001

                       AMERICAN LOCKER GROUP INCORPORATED
             (Exact name of registrant as specified in its charter)



  DELAWARE                        0-439                           16-0338330
(State or other                (Commission                    (I.R.S. Employer
jurisdiction of                File Number)                  Identification No.)
incorporation)



                   608 ALLEN STREET, JAMESTOWN, NEW YORK 14701
               (Address of principal executive offices) (Zip Code)


Registrant's telephone number, including area code   716-664-9600



         (Former name or former address, if changed since last report.)






Item 2.       Acquisition or Disposition of Assets

              On July 6,  2001,  American  Locker  Group  Incorporated  ("ALGI")
entered into and consummated a Stock and Real Estate Purchase Agreement dated as
of June 22,  2001 among  American  Locker  Group  Incorporated,  Janie  D'Addio,
Salvatore  D'Addio  and  Janie  D'Addio.  A copy of the  Stock  and Real  Estate
Purchase  Agreement  is filed  herewith  as Exhibit  2.1 and a copy of the press
release  making  such  announcement  is filed  herewith  as Exhibit  99.1.  ALGI
purchased  100% of the  outstanding  capital  stock  of  B.L.L.  Corporation,  a
privately held Texas corporation,  from Janie D'Addio for $9,100,000 in cash, of
which $8,140,000 was paid at closing and $960,000 of which is payable over three
years.  ALGI also entered  into  consulting  agreements  with Janie  D'Addio,  a
consulting agreement with Salvatore D'Addio and a sales representative agreement
with Janie D'Addio. ALGI also purchased related real estate and equipment assets
from Janie and  Salvatore  D'Addio for cash  consideration  of  $3,500,000.  The
purchase  price was  funded  with cash on hand and the  proceeds  of  additional
borrowings from ALGI's bank lender, Manufacturers and Traders Trust Company.

              B.L.L.  Corporation  is  engaged  in the  manufacture  and sale of
postal box units,  private mailbox units and related products to the U.S. Postal
Service,  private mailbox centers and other users. ALGI will continue to operate
these business product lines..



Item 7.       Financial Statements and Exhibits



              (a)  Financial Statements of the Business Acquired

                  Financial  Statements  will be filed by  amendment  within the
time period specified in Instructions to Item 7 of Form 8-K.



              (b)  Pro Forma Financial Information

                  Pro Forma  Financial  Information  will be filed by  amendment
within the time period specified in Instructions to Item 7 of Form 8-K.

              (c)   Exhibits

              2.1       Stock and Real Estate  Purchase  Agreement dated  as  of
                        June 22, 2001 among American Locker Group  Incorporated,
                        Janie  D'Addio, Salvatore D'Addio and Janie D'Addio.

              2.2       Promissory Note  dated   July 6, 2001  made by  American
                        Locker Group Incorporated in favor of Janie D'Addio


                                     - 4 -



              2.3       Amendment Agreement dated  as  of  July 5, 2001  between
                        American Locker Group Incorporated and Manufacturers and
                        Traders Trust Company

              2.4       Deed of Trust   Note   dated as of July 5, 2001  made by
                        ALTRECO, Incorporated in favor of  M&T Real Estate, Inc.

              99.1      Press release dated July 6, 2001







         Pursuant to the requirement 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

                                         American Locker Group Incorporated

JULY 12, 2001
   (Date)                                /s/EDWARD F. RUTTENBERG
                                         ---------------------------------------
                                         Edward F. Ruttenberg
                                         Chairman  and Chief Executive Officer







                                      INDEX

Exhibit

      2.1        Stock and Real Estate Purchase Agreement dated as
                 of June 22, 2001 among American Locker Group
                 Incorporated, Janie D'Addio, Salvatore D'Addio and
                 Janie D'Addio.
      2.2        Promissory Note dated July 6, 2001 made by American
                 Locker Group Incorporated in favor of Janie D'Addio
      2.3        Amendment Agreement dated as of July 5, 2001
                 between American Locker Group Incorporated and
                 Manufacturers and Traders Trust Company
      2.4        Deed of Trust Note dated as of July 5, 2001 made by
                 ALTRECO, Incorporated in favor of  M&T Real Estate, Inc.
     99.1        Press release dated July 6, 2001