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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: February 24, 1997 (February 11, 1997)
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Commission file number 1-11803
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AMERICAN PAD & PAPER COMPANY
(Exact name of registrant as specified in its charter)
Delaware 04-3164298
(State or other jurisdiction of (I.R.S. Employer
incorporation or organization) Identification No.)
17304 Preston Road, Suite 700, Dallas, TX 75252-5613
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (972) 733-6200
Commission file number 333-3006
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AMERICAN PAD & PAPER COMPANY OF DELAWARE, INC.
(Exact name of registrant as specified in its charter)
Delaware 25-1512956
(State or other jurisdiction of (I.R.S. Employer
incorporation or organization) Identification No.)
17304 Preston Road, Suite 700, Dallas, TX 75252-5613
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (972) 733-6200
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Item 2. Acquisition or Disposition of Assets
On February 11, 1997, American Pad & Paper Company, through its wholly owned
subsidiary, American Pad & Paper Company of Delaware, Inc. (collectively
referred to as the "Company"), completed its acquisition of Shade/Allied, Inc.
("Shade/Allied") for $49.5 million in cash. The Company financed the
acquisition with debt borrowed under its revolver credit agreement with its
banking group.
Based in Green Bay, Wisconsin, Shade/Allied manufactures paper based office
products in four states and expects to realize net sales of approximately $90
million in 1996. Shade Allied manufactures and sells products such as
continuous forms, ink jet papers, printed forms, technical papers and fine
papers. The Company intends to continue to manufacture and distribute such
products following the acquisition of Shade/Allied.
The Company intends to record this acquisition following the purchase method of
accounting.
As an exhibit to this Current Report on Form 8-K, a copy of the Company's press
release related to this acquisition is provided.
Item 7. Financial Statements and Exhibits
Financial Statements
The Registrants request no more than an additional 60 days to provide historical
and pro forma financial statements required by the rules and regulations of the
Securities and Exchange Commission. The Registrants expect to provide such
information no later than April 25, 1997.
Exhibit
99.1 Press release by the Company dated February 11, 1997
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.
AMERICAN PAD & PAPER COMPANY
and
AMERICAN PAD & PAPER COMPANY OF
DELAWARE, INC.
/s/ Kevin W. McAleer
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Kevin W. McAleer
Chief Financial Officer
February 24, 1997
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Date