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
August 1, 2003
Date of Report (Date of earliest event reported)
ASSOCIATED MATERIALS INCORPORATED
(Exact Name of Registrant as Specified in Its Charter)
75-1872487
Delaware 000-24956 (IRS Employer
(State or Other Jurisdiction of (Commission File Number) Identification No.)
Incorporation)
3773 State Road
Cuyahoga Falls, Ohio 44223
(Address of Principal Executive Offices)
(330) 929-1811
(Registrant's Telephone Number, Including Area Code)
Item 9. REGULATION FD DISCLOSURE
On August 1, 2003, Associated Materials Incorporated ("AMI") announced
on its publicly accessible second quarter earnings conference call that the
estimated working capital adjustment for the acquisition of Gentek Holdings,
Inc. is approximately $13 million. AMI anticipates synergies from the
acquisition of Gentek Holdings, Inc. of approximately $10 million. The synergies
primarily include the vertical integration of the metals products sold in AMI's
Alside supply centers and raw material savings from the increased purchasing
leverage. AMI expects to achieve approximately half of the synergies in fiscal
2004 and the remainder in fiscal 2005. Estimated annual capital expenditures for
Gentek Holdings, Inc. are approximately $4 Million to $5 million. AMI also
announced that it believes vinyl siding sales will be flat for the third and
fourth quarters of 2003 compared to the same periods in 2002.
This announcement contains certain forward-looking statements (as such
term is defined in the Private Securities Litigation Reform Act of 1995)
relating to Associated Materials that are based on the beliefs of Associated
Materials' management. When used in this announcement, the words "anticipate,"
"believe," "estimate," "expect," "intend," and similar expressions identify
forward-looking statements. Such statements reflect the current views of
Associated Materials' management with respect to Associated Materials' ability
to consummate and profit from the acquisition of Gentek Holdings, including
Associated Materials' ability to amend its existing credit facility, and to grow
the Gentek brands as expected. Associated Materials' ability to profit from its
initiatives will depend on a number of factors, including primarily customer
acceptance of Gentek's products and the achievement of anticipated synergies.
Such statements also reflect the current views of Associated Materials'
management with respect to its operations and results of operations regarding
the availability of consumer credit, interest rates, employment trends, levels
of consumer confidence, consumer preferences, national and regional trends in
new housing starts, raw material costs, pricing pressures, costs of
environmental compliance, level of competition within our market, availability
of alternative building products, shifts in market demand, and general economic
conditions. These statements are subject to certain risks and uncertainties.
Should one or more of these risks or uncertainties materialize, or should
underlying assumptions or estimates prove incorrect, actual results may vary
materially from those described herein as anticipated, believed, estimated,
expected or intended.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934,
as amended, the Registrant has duly caused this report to be signed on its
behalf by the undersigned hereunto duly authorized.
ASSOCIATED MATERIALS INCORPORATED
DATE: August 1, 2003 By: /s/ D. Keith LaVanway
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D. Keith LaVanway
Vice President, Chief Financial
Officer, Treasurer and Secretary