-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: keymaster@town.hall.org Originator-Key-Asymmetric: MFkwCgYEVQgBAQICAgADSwAwSAJBALeWW4xDV4i7+b6+UyPn5RtObb1cJ7VkACDq pKb9/DClgTKIm08lCfoilvi9Wl4SODbR1+1waHhiGmeZO8OdgLUCAwEAAQ== MIC-Info: RSA-MD5,RSA, hUPSorvvCx0OPz9P64VEJk4HtSk/CjuZU8RbEMhmTw/OqwuojpwsfLWiXX1ed/qK GeSPtE3oi92vaFIxtCNoPA== 0000909518-94-000105.txt : 19940614 0000909518-94-000105.hdr.sgml : 19940614 ACCESSION NUMBER: 0000909518-94-000105 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 19940526 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 19940602 FILER: COMPANY DATA: COMPANY CONFORMED NAME: JPS TEXTILE GROUP INC /DE/ CENTRAL INDEX KEY: 0000846615 STANDARD INDUSTRIAL CLASSIFICATION: 2211 IRS NUMBER: 570868166 STATE OF INCORPORATION: DE FISCAL YEAR END: 1031 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 033-27038 FILM NUMBER: 94532813 BUSINESS ADDRESS: STREET 1: 555 N PLEASANTBURG DR STE 202 CITY: GREENVILLE STATE: SC ZIP: 29607 BUSINESS PHONE: 803-239-3900 MAIL ADDRESS: STREET 1: 555 N PLEASANTBURG DR SUITE 202 CITY: GREENVILLE STATE: SC ZIP: 29607 8-K 1 8-K - EVENT DATE 5/26/94 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): May 26, 1994 JPS TEXTILE GROUP, INC. - - --------------------------------------------------------------------------- (Exact Name of Registrant as Specified in its Charter) Delaware - - --------------------------------------------------------------------------- (State or Other Jurisdiction of Incorporation) 33-58272 57-0868166 - - ------------------------------ ------------------------------ (Commission File Number) (I.R.S. Employer Identification No.) 555 North Pleasantburg Drive, Suite 202 Greenville, South Carolina 29607 - - --------------------------------------------- -------------------- (Address of Principal Executive Offices) (Zip Code) (803) 239-3900 - - --------------------------------------------------------------------------- (Registrant's Telephone Number, Including Area Code) - - --------------------------------------------------------------------------- (Former Name or Former Address, if Changed Since Last Report) ITEM 5. OTHER EVENTS ------------ JPS Textile Group, Inc. (the "Company") announced in a press release dated May 26, 1994, that it has signed a definitive agreement to sell, subject to certain conditions, all of the automotive products and synthetic industrial fabrics operations of the Company to JPS Automotive Products Corp., an indirect wholly-owned subsidiary of Foamex International Inc. The full text of the release is attached as Exhibit 99.1 hereto. ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND --------------------------------------------------------- EXHIBITS. -------- (c) Exhibits -------- 99.1 - Press release issued by the Company on May 26, 1994. NYFS09...:\75\55175\0033\1538\LTR60294.P60 SIGNATURES ---------- Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to the signed on its behalf by the undersigned thereunto duly authorized. June 2, 1994 JPS TEXTILE GROUP, INC. By: /s/ David H. Taylor ------------------------ Name: David H. Taylor Title: Executive Vice President-Finance and Secretary NYFS09...:\75\55175\0033\1538\LTR60294.P60 Exhibit Index ------------- Exhibit No. Description of Exhibit ---------- ---------------------- 99.1 Press release issued by the Company on May 26, 1994 NYFS09...:\75\55175\0033\1538\LTR60294.P60 EX-99.1 2 PRESS RELEASE Exhibit 99.1 ------------ CONTACT: Kekst and Company James Fingeroth Wendi Kopsick (212) 593-2655 FOR IMMEDIATE RELEASE --------------------- JPS TEXTILE GROUP SIGNS DEFINITIVE AGREEMENT TO SELL ---------------------------------------------------- AUTOMOTIVE PRODUCTS AND SYNTHETIC INDUSTRIAL FABRICS ---------------------------------------------------- BUSINESSES TO FOAMEX INTERNATIONAL ---------------------------------- GREENVILLE, SOUTH CAROLINA, May 26, 1994 -- JPS Textile Group, Inc. announced today that it has signed a definitive agreement to sell its automotive products and synthetic industrial fabrics businesses to JPS Automotive Products Corp., a wholly-owned subsidiary of Foamex International Inc. (NASDAQ: FMXI), for a purchase price of approximately $272 million (which includes approximately $8 million in assumed long-term debt). Consummation of the transaction with Foamex and JPS Automotive is contingent upon, among other things, the obtaining of certain necessary third party consents and approvals and the securing of financing by Foamex. As part of the transaction with Foamex, JPS Automotive Products Corp. has filed an amendment to its registration statement with the Securities and Exchange Commission for the sale of $180 million aggregate principal amount of senior notes, the net proceeds of which will be used to finance a portion of the purchase price. JPS Textile Group intends to utilize the net proceeds after taxes from the sale of these businesses to retire indebtedness in accordance with the terms of its indentures and credit agreements. JPS Textile Group, Inc. is one of the largest diversified domestic manufacturers of textile and textile related products, principally for the apparel fabric, industrial and home fashion markets. ### NYFS09...:\75\55175\0033\1538\EXH60194.S90 -----END PRIVACY-ENHANCED MESSAGE-----