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): September 25, 2003
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C&D Technologies, Inc.
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(Exact name of registrant as specified in its charter)
Delaware 1-9389 13-3314599
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(State or other (Commission file number) (IRS employer
jurisdiction of incorporation) identification no.)
1400 Union Meeting Road
Blue Bell, Pennsylvania 19422
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(Address of principal executive offices) (Zip code)
Registrant's telephone number, including area code: (215) 619-2700
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N/A
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(Former name or former address, if changed since last report)
Item 2. Acquisition or Disposition of Assets.
As previously reported in a press release attached to its Form 8-K, dated
September 25, 2003, on September 25, 2003, the registrant and its totally held
Mexican subsidiary, C&D Technologies Reynosa, S. de R.L. de C.V., acquired from
Matsushita Battery Industrial Corporation of America, and its totally held
Mexican subsidiary, Matsushita Battery Industrial de Mexico, S.A. de C.V., for
an aggregate purchase price of approximately $10 million, a 240,000 square foot
facility in Reynosa, Mexico and the equipment in the facility historically used
for the manufacture of large, valve regulated lead acid batteries for standby
power applications ("VRLA Batteries"). Prior to the transaction, the sellers
used the facility for the manufacture of VRLA Batteries and other related items.
The registrant and its subsidiary intend to initially use the facility for the
manufacture of VRLA batteries.
The registrant and its subsidiary funded the foregoing transaction with the
registrant's working capital funds which are replenished from time to time under
its existing credit agreement.
Item 7. Financial Statements and Exhibits.
(a) Financial Statements.
It is impractical to provide any of the financial statements related
to the foregoing transaction at the time of this filing. Registrant
will file all of the required financial statements, if any, as an
amendment to this Form 8-K not later than sixty (60) days after the
required filing date of this Form 8-K.
(b) Pro Forma Financial Information.
The required pro forma financial information will be filed as an
amendment to this Form 8-K at the time the required financial
statements are filed.
(c) Exhibits.
10.1 Asset Purchase Agreement among Matsushita Battery Industrial
Corporation of America, Matsushita Battery Industrial de Mexico, S.A.
de C.V., C&D Technologies, Inc. and C&D Technologies Reynosa, S. de
R.L. de C.V., dated as of August 27, 2003
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.
C&D TECHNOLOGIES, INC.
Date: October 10, 2003 By:/s/ Stephen E. Markert, Jr.
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Stephen E. Markert, Jr.,
Vice President - Finance
and Chief Financial Officer
EXHIBIT INDEX
Exhibit
Number Description
10.1 Asset Purchase Agreement among Matsushita Battery Industrial
Corporation of America, Matsushita Battery Industrial de Mexico,
S.A. de C.V., C&D Technologies, Inc. and C&D Technologies
Reynosa, S. de R.L. de C.V., dated as of August 27, 2003