UNITED STATES
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) -- October 31, 1996
ESSEX GROUP, INC.
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(Exact name of registrant as specified in its charter)
MICHIGAN 1-7418 35-1313928
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(State or other jurisdiction (Commission (I.R.S. Employer
of incorporation) File Number) Identification No.)
1601 WALL STREET, FORT WAYNE, INDIANA 46802
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(Address of principal executive offices) Zip Code
Registrant's telephone number, including area code: (219) 461-4000
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(Former name or former address, if changed since last report.)
Item 5. Other Events.
On October 31, 1996 the registrant issued the press release attached
hereto as Exhibit 20.1, which is incorporated herein by reference.
Item 7. Financial Statements and Exhibits.
(a) Financial Statements of Business Acquired:
Not applicable
(b) Pro Forma Financial Information:
Not applicable
(c) Exhibits:
Number Exhibit Description
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20.1 Press release by the registrant on
October 31, 1996
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.
ESSEX GROUP, INC.
(Registrant)
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November 5, 1996 /s/ James D. Rice
Senior Vice President
Corporate Controller
(Principal Accounting Officer)
Contact: Tom Castaldi
(219) 461-4381
BCP/ESSEX HOLDINGS INC. COMPLETES ACQUISITION OF TRIANGLE WIRE & CABLE
FORT WAYNE, Ind., October 31, 1996 -- BCP/Essex Holdings Inc.
("Holdings") announced today the completion of its acquisition, through
its wholly owned subsidiary Essex Group, Inc. ("Essex"), of
substantially all the assets of Triangle Wire and Cable, Inc. of
Lincoln, Rhode Island ("Triangle"), related to the sales, marketing,
manufacturing and distribution of electrical wire and cable and the
assets of its Canadian affiliate, FLI Royal Wire and Cable. Triangle
manufacturing facilities acquired by Essex are located in Florence,
Ala., Phoenix, Ariz., Sikeston, Mo. and Pawtucket, R.I.. Terms of the
sale were not disclosed.
According to Steven R. Abbott, President and CEO of Essex,
"The acquisition of Triangle's wire and cable assets positions Essex to
expand both our building, commercial and industrial wire product lines
and to continue the excellence in service, product innovation and
attention to customers' requirements which all Essex and Triangle
customers expect. Furthermore, the melding of Essex and Triangle will
help advance the Essex commitment to continuously exceed the
expectations of employees, customers and shareholders."
Essex intends to continue manufacturing wire at all of the
acquired Triangle facilities while consolidating production of the
products among these and other Essex plants. Approximately 40 former
Triangle employees will be relocated to Essex headquarters in Fort
Wayne.
Holdings is a holding company for Essex, one of the world's
largest producers of electrical wire and cable products. Essex is
included in the Fortune 1000 list of industrial and service companies
and the Forbes 500 list of privately held companies. Sales in 1995 were
$1.2 billion. Essex' business operations, supported by 28 manufacturing
facilities in 16 states, produce a broad product line that includes
magnet wire, building wire, automotive wire, appliance wire, industrial
wire, electronic wire, specialty wiring assemblies, communications wire
and electrical insulation materials.
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