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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
Date of report (Date of earliest event reported): February 10, 1998
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AFTERMARKET TECHNOLOGY CORP.
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(Exact Name of Registrant as Specified in Its Charter)
Delaware 0-21803 95-4486486
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(State or Other Jurisdiction of (Commission (I.R.S. Employer
Incorporation or Organization) File Number) Identification No.)
900 Oakmont Lane - Suite 100, Westmont, IL 60559
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(Address of Principal Executive Offices) (Zip Code)
Registrant's Telephone Number, Including Area Code: (630) 455-6000
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AFTERMARKET TECHNOLOGY CORP.
FORM 8-K
ITEM 5. OTHER EVENTS.
On February 10, 1998, Aftermarket Technology Corp. ("ATC") entered
into an asset purchase agreement with Autocraft Industries, Inc. to acquire
substantially all the assets of Autocraft's OEM Division, a leading
remanufacturer and distributor of drivetrain and electronic parts used in the
warranty and aftermarket repair of passenger cars and light trucks. The cash
purchase price for the acquisition will be $112.5 million to be paid at
closing, plus up to an additional $12.5 million to be paid in 1999 based on
the performance of the OEM Division's European operations during 1998.
The OEM Division, based in Oklahoma City with additional operations
in Houston, Dallas and Grantham, England, has annual sales of over $150
million and 1500 employees. Its principal customers include Ford and General
Motors and its products include remanufactured transmissions, engines,
component parts, electronic control modules, instrument display clusters,
cellular telephones and radios. In addition to expanding ATC's OEM customer
base and product offerings, the acquisition will provide ATC with a
significant European presence.
The acquisition is expected to close during the first quarter of
1998 and is subject to ATC obtaining necessary financing and the satisfaction
of certain conditions customary in this type of transaction, including
receipt of certain third party consents and requisite governmental approvals.
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AFTERMARKET TECHNOLOGY CORP.
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, thereunto duly authorized.
AFTERMARKET TECHNOLOGY CORP.
Dated: February 11, 1998
By: /s/Joseph Salamunovich
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Joseph Salamunovich
Vice President
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