SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(D) OF THE
SECURITIES AND EXCHANGE ACT OF 1934
DATE OF REPORT (DATE OF EARLIEST EVENT REPORTED) AS OF JANUARY 16, 1997
MANSUR INDUSTRIES INC.
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(EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)
FLORIDA
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(STATE OR OTHER JURISDICTION OF INCORPORATION)
000-21325 65-0226813
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(COMMISSION FILE NUMBER (IRS EMPLOYER IDENTIFICATION NO.)
MANSUR INDUSTRIES INC.
8425 S.W. 129TH TERRACE
MIAMI, FLORIDA 33156
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(ADDRESS OF PRINCIPAL EXECUTIVE OFFICE) (ZIP CODE)
REGISTRANT'S TELEPHONE NUMBER, INCLUDING AREA CODE (305) 232-6768
ITEM 5. OTHER EVENTS
Mansur Industries Inc. announced that it has entered into an agreement
with The Valvoline Company and First Recovery, both of which are affiliates of
Ashland, Inc., under which First Recovery will serve as Mansur's exclusive sales
representative in a territory comprising 14 major metropolitan markets across
the United States. The marketing program with the Ashland units will commence
this month and will replace the limited original pilot program for the Houston
and Dallas areas.
Paul I. Mansur, Mansur's Chief Executive Officer, stated, "The Company
is extremely pleased with the appointment of Ashland's Valvoline Oil and First
Recovery units as the Company's sales representative. Mansur's
SystemOne/registered trademark/ breakthrough waste minimization technologies and
strong initial market acceptance coupled with the extensive Ashland
infrastructure and marketing resources should help facilitate an expedited
national deployment of the SystemOne/registered trademark/ product line."
Mansur's selection of the Ashland group was based on strong synergies
between the two companies. As Mansur explained, "The core market for the
SystemOne/registered trademark/ product line is the automotive market. Of
course, Valvoline Oil maintains a major market share in the automotive market
for its Valvoline branded products. First Recovery, Ashland's environmental
services division, is a leader in environmental services to the oil industry,
which includes parts washer services. The Ashland Chemical division is a
manufacturer of the mineral spirit solvents utilized by Mansur in the
SystemOne/registered trademark/ product line. We anticipate that the marketing
alliance will provide Ashland and Valvoline with a significant competitive
advantage in selling products and environmental services. We also hope that they
will be able to build on the success we have had in sales to such customers as
Greenwich Air Services, WMX Technologies, Caterpillar, Detroit Diesel, Cummins,
Peterbilt, Rinker and numerous automobile dealers."
Founded in 1990, Mansur designs, manufactures, sells and supports a
full range of self contained, recycling industrial parts washing products. The
Company is headquartered in Miami, Florida.
ITEM 7. EXHIBITS
EXHIBIT DESCRIPTION
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10.1 Commission Sales Representative Agreement, dated as of January 16,
1997, among The Valvoline Company, EcoGard Inc., and Mansur
Industries Inc.1
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(1) Confidential treatment has been requested with respect to portions of the
Commission Sales Representative Agreement.
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.
MANSUR INDUSTRIES INC.
Date: January 22, 1997 By: /S/ PAUL I. MANSUR
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Paul I. Mansur, Chief Executive Officer
INDEX TO EXHIBIT
EXHIBIT SEQUENTIALLY
NUMBER DESCRIPTION NUMBERED PAGE
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10.1 Commission Sales Representative Agreement, dated as of January 16,
1997, among The Valvoline Company, EcoGard Inc., and Mansur Industries
Inc. (1)