| Ticker: ASAM | 19 Green Street | |
| Exchange: NASDAQ-National Market | Malden, Massachusetts 02148 | |
| Industry: Manufacturing | (617) 321-5409 |
| Type of Shares: | Common Shares | Filing Date: | 3/13/96 | |
| U.S. Shares: | 1,160,000 | Offer Date: | 5/15/96 | |
| Non-U.S. Shares: | 0 | Filing Range: | $7.00 - $9.00 | |
| Primary Shares: | 1,000,000 | Offer Price: | $7.50 | |
| Secondary Shares: | 160,000 | Gross Spread: | $0.52 | |
| Offering Amount: | $9,280,000 | Selling: | $0.30 | |
| Expenses: | $470,000 | Reallowance: | $0.10 | |
| Shares Out After: | 3,340,000 |
| Manager | Tier | Phone |
| Daiwa Securities America Inc. | Lead Manager | (212) 341-0528 |
| Fechtor, Detwiler & Co. | Co-manager | (617) 451-0100 |
| Auditor: Arthur Andersen | |||||
| Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 12/31/95 | 3/31/96 | 3/31/95 | 3/31/96 | ||
| Revenue: | $35.00 | $9.65 | $7.81 | Assets: | $22.63 |
| Net Income: | $1.59 | $0.51 | $0.17 | Liabilities: | $14.69 |
| EPS: | $0.68 | $0.22 | $0.07 | Equity: | $7.94 |
Note: Dollar amounts are in U.S. millions; Audited figures expressed as full year, unaudited figures are partial year | |||||
| Business Description |
| The company is a distributor of thermoplastic valves and piping. The company's products combine the benefits associated with all plastic valve and piping products, such as light weight, ease of installation, long life and low installed cost. The Company, an ISO 9001 quality control certified manufacturer, makes electric and pneumatic valve actuators and controls, proprietary double containment thermoplastic piping systems, and custom fabricated fittings and specialty products. The Company offers a broad selection of industrial thermoplastic valves in, and, based on a Company-commissioned market study prepared by an unaffiliated firm, believes it has one of the largest shares of the United States industrial thermoplastic valve market. |
| Use of Proceeds |
| Proceeds from the offering will be used to expand the company's manufacturing and warehouse capacity, to repay short-term bank debt in full, and for general corporate purposes, including acquisitions of complementary businesses and product lines as opportunities are identified. |
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