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PART II. OTHER INFORMATION
ITEM 6. EXHIBITS AND REPORTS ON FORM 8-K
(a.) Exhibits.
Exhibit Number Description
2 Stock Purchase Agreement dated March 30, 1998
between Xxxxx Bros. Corporation and Sonoco
Products Company (incorporated by reference to
Exhibit 2 of the Form 8-K filed on April 14,
1998).
27 Financial Data Schedule (contained herein).
99 Credit Agreement, dated as of March 30, 1998,
among Xxxxx Bros. Corporation, as Borrower,
Various Financial Institutions, as Banks, and
KeyBank National Association, as Agent
(incorporated by reference to Exhibit 99(b) of
the Form 8-K filed on April 14, 1998).
(b.) Reports on Form 8-K.
On April 14, 1998, the Company filed a Current Report on Form 8-K
that described under Item 2 the Stock Purchase Agreement between
Xxxxx Bros. Corporation and Sonoco Products Company ("Sonoco").
Pursuant to the Stock Purchase Agreement, the Company purchased
all of the outstanding shares of KMI Continental Fibre Drum, Inc.,
Sonoco Plastic Drum, Inc., GBC Holding Co. and Fibro Tambor and
the membership interest of Sonoco in Total Packaging Systems of
Georgia, LLC. In addition, the Company entered into a Credit
Agreement which provides a revolving credit facility up to $325
million. In accordance with Items 7(a)(4) and 7(b)(2), the financial
statements of the acquired businesses and pro forma financial
information were filed in a Form 8-K/A on June 12, 1998.
On May 6, 1998, the Company filed a Current Report on Form 8-K that
described under Item 5 an agreement to form a joint venture to
operate the sheet feeder plants of Michigan Packaging Company, a
subsidiary of the Company, and Ohio Packaging Corporation. The
joint venture will be named CorrChoice.
OTHER COMMENTS
The information furnished herein reflects all adjustments which are, in the
opinion of management, necessary for a fair presentation of the consolidated
balance sheet as of April 30, 1998 and October 31, 1997, the consolidated
statements of income for the three and six month periods ended April 30, 1998
and 1997, and the consolidated statement of cash flows for the six month
periods then ended. These financial statements are unaudited; however, at
year-end an audit will be performed for the fiscal year by independent
accountants.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Company has duly caused this report to be signed on its behalf by the
undersigned thereto duly authorized.
Xxxxx Bros. Corporation
(Registrant)
Date: June 12, 1998 /s/ Xxxxxx X. Xxxx
Xxxxxx X. Xxxx
Chief Financial Officer and Secretary
(Duly Authorized Signatory)
