FORM 8-K
Current Report
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
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PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported):
December 3, 2001
IONICS, INCORPORATED
(Exact name of registrant as specified in its charter)
Commission File Number: 1-7211
Massachusetts
(State of incorporation)
04-2068530
(I.R.S. Employer Identification Number)
65 Grove Street, Watertown, Massachusetts 02472-2882
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (617) 926-2500
Item 5. Other Events
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On December 3, 2001, Ionics, Incorporated (the "Company") issued a press
release, a copy of which is attached hereto as Exhibit 99.1 to this current
report on Form 8-K and incorporated herein by reference.
Item 7. Financial Statements and Exhibits
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(c) Exhibits
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Exhibit No. Exhibit
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99.1 Press Release of Ionics, Incorporated
dated December 3, 2001
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SIGNATURES
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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.
Dated: December 3, 2001 IONICS, INCORPORATED
By: /s/Stephen Korn
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Stephen Korn
Vice President and
General Counsel
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EXHIBIT INDEX
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Exhibit Number Description Page Number
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99.1 Press Release of Ionics, Incorporated 5
dated December 3, 2001
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EXHIBIT 99.1
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IONICS AGREES TO SELL AQUA COOL(R) PURE BOTTLED WATER
BUSINESS TO PERRIER FOR $220 MILLION
WATERTOWN, Mass., December 3, 2001 . . . Ionics, Incorporated (NYSE-ION)
announced today that it had entered into agreements with affiliates of
Perrier-Vittel S.A., a subsidiary of Nestle S.A., to sell its Aqua Cool Pure
Bottled Water operations in the United States, the United Kingdom and France for
$220 million, subject to certain adjustments. The closing of the transaction,
which is expected to occur near year-end, is conditioned among other things upon
the expiration of the 30-day waiting period following notification under the
Hart-Scott-Rodino Act.
Commenting on the forthcoming transaction, Arthur L. Goldstein, Chairman and
Chief Executive Officer of Ionics, stated "Ionics is selling its Aqua Cool Pure
Bottled Water business, which is currently generating revenues of over $70
million per year, primarily to enable greater corporate focus on its activities
in water desalination, water reuse, surface water purification, ultrapure water
and water quality instrumentation. These growing businesses, in which Ionics is
a world leader, are based on Ionics' core technologies in membrane-based water
treatment and are expected to require substantial resources and capital
commitments in the future. The sale to the Perrier Group will enable us to
direct resources to the growing worldwide "build, own and operate" market for
water and wastewater systems, to decrease corporate debt and to pursue new
opportunities for growth within the areas of our core competence. We are very
pleased and confident that the Aqua Cool customer base in 33 locations in the
United States, the United Kingdom and France will continue to be well-served by
Perrier-Vittel. We believe this transaction will be in the best interests of the
Company and its shareholders."
Ionics is a global separations technology company involved in the manufacture
and sale of membranes, equipment and own and operate services for the
purification, disinfection, concentration, treatment and analysis of water,
wastewater and ultrapure water. Over a period of more than 50 years Ionics has
built more desalination plants than any company in the world. Ionics has been a
pioneer in purified water with its worldwide five-gallon brand, Aqua Cool(R)
Pure Bottled Water.
Safe-harbor statement under the Private Securities Litigation Reform Act of
1995: Forward-looking statements in this news release involve risk and
uncertainty. The statements contained in this release which are not historical
facts are forward-looking statements. Important factors, including overall
economic conditions, demand for Company products, raw material availability,
availability of manufacturing capacity, technological and product development
risks, competitors' actions, and other factors described in the Company's
filings with the Securities and Exchange Commission could cause actual results
to differ materially.
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For more information, contact:
Francine S. Bernitz, Vice President Theodore G. Papastavros, Vice President
Marketing and Corporate Communications Strategic Planning
Ionics, Incorporated Ionics, Incorporated
Tel: (617) 926-2510 ext. 312 Tel: (617) 926-2510 ext. 221
fbernitz@ionics.com tpapastavros@ionics.com
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