-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, DNWjgTx/9eV6BCe6gT9h30qdslT5QgMIJr7O7IWlPKe7YQN+Re610PRLS2gJLF3O KedxoiIvY37DXWRTbinxew== 0000950152-06-002002.txt : 20060313 0000950152-06-002002.hdr.sgml : 20060313 20060313110126 ACCESSION NUMBER: 0000950152-06-002002 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20060310 ITEM INFORMATION: Completion of Acquisition or Disposition of Assets FILED AS OF DATE: 20060313 DATE AS OF CHANGE: 20060313 FILER: COMPANY DATA: COMPANY CONFORMED NAME: WERNER HOLDING CO INC /PA/ CENTRAL INDEX KEY: 0001056121 STANDARD INDUSTRIAL CLASSIFICATION: FABRICATED STRUCTURAL METAL PRODUCTS [3440] IRS NUMBER: 251754434 STATE OF INCORPORATION: PA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 333-46607-12 FILM NUMBER: 06681133 BUSINESS ADDRESS: STREET 1: 93 WERNER ROAD CITY: GREENVILLE STATE: PA ZIP: 16125-9499 BUSINESS PHONE: 7245886987 MAIL ADDRESS: STREET 1: 93 WERNER ROAD CITY: GREENVILLE STATE: PA ZIP: 16125-9499 FILER: COMPANY DATA: COMPANY CONFORMED NAME: WERNER HOLDING CO INC /DE/ CENTRAL INDEX KEY: 0001056112 STANDARD INDUSTRIAL CLASSIFICATION: FABRICATED STRUCTURAL METAL PRODUCTS [3440] IRS NUMBER: 510372599 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 333-46607 FILM NUMBER: 06681134 BUSINESS ADDRESS: STREET 1: 1105 NORTH MARKET STREET SUITE 1300 STREET 2: PO BOX 8985 CITY: WILMINGTON STATE: DE ZIP: 19899-8985 BUSINESS PHONE: 3024785723 MAIL ADDRESS: STREET 1: 1105 NORTH MARKET STREET STREET 2: SUITE 1300 CITY: WILMINGTON STATE: DE ZIP: 19899-8985 8-K 1 l19098ae8vk.htm WERNER HOLDING CO. (PA), INC./WERNER HOLDING CO. (DE), INC. 8-K Werner Holding 8-K
 

 
 
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 (Date of earliest event reported): March 10, 2006
     
Commission file number: 333-46607-12   Commission file number: 333-46607
     
Werner Holding Co. (PA), Inc.   Werner Holding Co. (DE), Inc.
(Exact name of co-registrant as specified in charter)   (Exact name of co-registrant as specified in charter)
             
Pennsylvania   25-0906895   Delaware   25-1581345
(State or other
jurisdiction of
incorporation) 		  (IRS employer
identification no.) 		  (State or other
jurisdiction of
incorporation) 		  (IRS employer
identification no.)
             
93 Werner Rd.
Greenville, PA 		  16125   1105 North Market St.,
Suite 1300
Wilmington, DE 		  19899
(Address of principal
executive offices) 		  (Zip Code)   (Address of principal
executive offices) 		  (Zip Code)
     
(724) 588-2550
(Co-registrant’s telephone number, including area code) 		  (302) 478-5723
(Co-registrant’s telephone number, including area code)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

o Written communication pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 
 

 

 

     The co-registrants are Werner Holding Co. (PA), Inc., a Pennsylvania corporation and Werner Holding Co. (DE), Inc., a Delaware corporation and the wholly owned subsidiary of Werner Holding Co. (PA), Inc. Werner Holding Co. (PA), Inc. has no substantial operations or assets other than its investment in Werner Holding Co. (DE), Inc.
Item 2.01. Completion of Acquisition or Disposition of Assets.
     Werner Holding Co. (PA), Inc., which through its Werner Co. subsidiary is the nation’s largest manufacturer and marketer of ladders and other climbing products (collectively, the “Company”) reported that it has completed the sale of its Extruded Products division effective December 29, 2005. The Company sold the assets of its Extruded Products division pursuant to an agreement dated December 14, 2005 (the “Agreement”) between the Company and WXP, Inc., a Delaware corporation and an affiliate of H.I.G. Capital, L.L.C. Pursuant to the Agreement, the Company sold inventory, accounts receivable, real estate, buildings and equipment relating primarily to the Extruded Products division for $20.3 million and the assumption of certain liabilities. The purchase price is subject to adjustment based upon the final closing balance sheet and working capital. Net proceeds of $9.2 million were used to reduce the Company’s First Lien Term Loan as required by the provisions of the term loan and the remaining net proceeds was used to reduce the amount outstanding under the Company’s Accounts Receivable Financing Facility. The Company has leased back from WXP, Inc. its Greenville Corporate Office building and research facilities for a three year term with an additional three year renewal option. As a part of the transaction, the Company has also entered into supply agreements with WXP, Inc. for aluminum log and certain finished goods which expire one year and eighteen months, respectively, from the closing date. The Company has also agreed to provide certain transition services to WXP, Inc. for up to three years from the closing date at market rates.

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SIGNATURES
     Pursuant to the requirements of the Securities Exchange Act of 1934, the co-registrants have duly caused this report to be signed on their behalf by the undersigned hereunto duly authorized.
           
Date: March 10, 2006   WERNER HOLDING CO. (PA), INC.
 
        
 
        
 
  By:   /s/ LARRY V. FRIEND
 
       
 
      Larry V. Friend
Vice President, Chief Financial Officer
and Treasurer
 
        
 
        
 
        
Date: March 10, 2006   WERNER HOLDING CO. (DE), INC.
 
        
 
        
 
  By:   /s/ LARRY V. FRIEND
 
       
 
      Larry V. Friend
Vice President, Chief Financial Officer
and Treasurer

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