-----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, ELa8G68auzKpG9M1P80Lo8WIYJkhFCWI8IYYQuRUhyo1pU14k465FZebJNEzs1B7 MPuIaKZbwP2Mhkpi5amdCA== 0000893220-04-000930.txt : 20040506 0000893220-04-000930.hdr.sgml : 20040506 20040506155033 ACCESSION NUMBER: 0000893220-04-000930 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20040506 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20040506 FILER: COMPANY DATA: COMPANY CONFORMED NAME: TELEFLEX INC CENTRAL INDEX KEY: 0000096943 STANDARD INDUSTRIAL CLASSIFICATION: SURGICAL & MEDICAL INSTRUMENTS & APPARATUS [3841] IRS NUMBER: 231147939 STATE OF INCORPORATION: DE FISCAL YEAR END: 1226 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-05353 FILM NUMBER: 04785178 BUSINESS ADDRESS: STREET 1: 155 SOUTH LIMERICK ROAD STREET 2: CORPORATE OFFICES CITY: LIMERICK STATE: PA ZIP: 19468 BUSINESS PHONE: 610 948-5100 MAIL ADDRESS: STREET 1: 155 SOUTH LIMERICK ROAD CITY: LIMERICK STATE: PA ZIP: 19468 8-K 1 w97131e8vk.htm FORM 8-K FOR TELEFLEX INCORPORATED e8vk
Table of Contents

UNITED STATES
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)                     May 6, 2004     

TELEFLEX INCORPORATED

(Exact name of Registrant as Specified in Its Charter)
         
Delaware   1-5353   23-1147939

 
 
 
 
 
(State or Other Jurisdiction
of Incorporation or Organization)
  (Commission File Number)   (IRS Employer
Identification No.)
         
 
   
155 South Limerick Road, Limerick, Pennsylvania       19468

 
(Address of Principal Executive Offices)       (Zip Code)

Registrant’s Telephone Number, Including Area Code                                         (610) 948-5100




(Former Name or Former Address, If Changed Since Last Report)


 


TABLE OF CONTENTS

Item 5. Other Events and Regulation FD Disclosure.
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits.
SIGNATURE
EXHIBIT INDEX
PRESS RELEASE DATED MAY 6, 2004


Table of Contents

Item 5. Other Events and Regulation FD Disclosure.

      On May 6, 2004, Teleflex Incorporated issued a press release announcing the sale of all the issued and outstanding capital stock of Techsonic Industries, Inc., a wholly-owned subsidiary of Teleflex Incorporated, to Johnson Outdoors Inc. The foregoing summary is subject to the full text of the press release, which is attached to this Report as Exhibit 99.1 and incorporated herein by reference.

Item 7. Financial Statements, Pro Forma Financial Information and Exhibits.

      (c) Exhibits.

      99.1 Press Release dated May 6, 2004

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 hereunto duly authorized.
         
Date: May 6, 2004  TELEFLEX INCORPORATED
 
 
  By:   /s/    
    Name:   Joan W. Schwartz   
    Title:   Associate General Counsel and Secretary   

 


Table of Contents

         

EXHIBIT INDEX

     
99.1
  Press Release dated May 6, 2004

 

EX-99.1 2 w97131exv99w1.htm PRESS RELEASE DATED MAY 6, 2004 exv99w1
 

(TELEFAX LETTERHEAD)

             
Contact:
           
  AT JOHNSON OUTDOORS:   AT TELEFLEX:   EXHIBIT 99.1
  CYNTHIA GEORGESON   JULIE MCDOWELL    
    Corporate Communications   VP-Corporate Communications
  262-631-6600   610-948-2836    
FOR IMMEDIATE RELEASE   May 6, 2004

JOHNSON OUTDOORS ACQUIRES TECHSONIC INDUSTRIES
HUMMINBIRD® JOINS WINNING OUTDOOR RECREATION BRAND PORTFOLIO

Racine, Wisconsin — Johnson Outdoors Inc. (Nasdaq: JOUT) today announced it has acquired Techsonic Industries Inc., a global leader in underwater sonar and video viewing, and GPS technologies, from Teleflex Incorporated (NYSE: TFX). The acquisition adds the popular Humminbird® brand to Johnson Outdoors’ marine electronics group portfolio which includes trolling motors and accessories sold under the Minn Kota® name.

      The $28 million deal reinforces the Company’s strategic focus on acquisitions that complement its businesses, have market leading potential and strengthen profitability. With the addition of Humminbird®, Johnson Outdoors’ marine electronics group sales are expected to surpass $100 million across marketplace categories with combined estimated sales of more than $300 million annually. According to research by the Sporting Goods Manufacturers Association, fishing is an outdoor recreational activity enjoyed by fifty-three (53) million people in the U.S.

      “Minn Kota® and Humminbird® are two great brands built on a strong heritage of continuous innovation. An even greater future lies ahead for both as we look to leverage this formidable combination of cutting-edge technology and consumer-insight excellence to drive growth in the marine electronics marketplace,” said Helen Johnson-Leipold, Chairman and Chief Executive Officer, Johnson Outdoors. “We are very excited by the potential untapped opportunities to be realized short-term and long-term through this acquisition.”

(MORE)

 


 

      Jeffrey P. Black, President and CEO of Teleflex commented, “Teleflex has a long history of providing the world’s premier boat builders with industry-leading mechanical and hydraulic steering, electronics, instrumentation, engine drive parts and aftermarket accessories. With this transaction, Teleflex will focus our resources on continuing to bring boat builders and boaters superior new products in our core marine OEM and aftermarket businesses. The Humminbird brand of fishfinders and consumer electronics is well-suited to Johnson Outdoors’ family of strong brands.”

      Minn Kota®, the world leader in electric fishing motors, is delivering record sales year-to-date in 2004 fueled by successful new products like the Co-Pilot, a remote wireless steering accessory, and the new Vector 3X transom-mounted trolling motor. Humminbird® innovation spans three decades, most recently seen with the SmartCast™ wireless remote fishfinder with mobile, rod and wrist-mount viewing options, and the advanced Matrix™ fishing system.

      Teleflex Incorporated acquired Techsonic Industries in 1993, as part of Teleflex Marine. Techsonic employs 172 people at two locations: Eufaula, Alabama and Alpharetta, Georgia. With this acquisition, Johnson Outdoors will now operate in 26 locations worldwide.

      Jerry Perkins, Chief Operating Officer, Johnson Outdoors, sees significant marketplace synergy and benefit in the merger of Minn Kota® and Humminbird® brands. According to Perkins, “We not only market to the same consumers and many of the same customers, we also share the same passion and drive to win in the marketplace. Competition is tough and our philosophy is to out-think, out-innovate and out-perform to stay on top.”

      The deal was simultaneously signed and closed on May 5, 2004, and was a stock purchase cash transaction. The transaction is anticipated to be accretive to cash flow and earnings in the first full fiscal year of ownership (fiscal 2005).

      Johnson Outdoors at a Glance:

Johnson Outdoors is a leading global outdoor recreation company that turns ideas into adventure with innovative, top-quality products. The company designs, manufactures and markets a portfolio of winning, consumer-preferred brands across four categories: Watercraft, Motors, Diving and Outdoor Equipment. Johnson Outdoors’ familiar brands include, among others: Old Town® canoes and kayaks; Ocean Kayak™, Necky® and Dimension® kayaks; Minn Kota® motors; SCUBAPRO® and SnorkelPro; UWATEC® dive equipment; and, Eureka!® tents. Reported annual revenues in 2003 were over $315 million driven by the unique passion and commitment of its 1,400 employees worldwide.

(MORE)

 


 

Teleflex at a Glance:

Teleflex is a diversified industrial company with annual revenues of more than $2 billion. The company designs, manufactures and distributes quality engineered products and services for the automotive, medical, aerospace, marine and industrial markets worldwide. Teleflex employs more than 19,000 people worldwide who focus on providing innovative solutions for customers. Additional information about Teleflex can be obtained from the company’s website on the Internet at www.teleflex.com.

Forward-looking information:

Statements in this news release, other than historical data, are considered forward-looking statements under the Private Securities Litigation Reform Act of 1995. These statements are subject to various risks and uncertainties that could cause actual results to differ from those contemplated in the statements. These factors are discussed in the company’s Securities and Exchange Commission filings.

###

 

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