| Ticker: DSD | 721 Richard Street | |
| Exchange: New York Stock Exchange | Miamisburg, Ohio 45342 | |
| Industry: Manufacturing | (513) 866-0711 |
| Type of Shares: | Class A Common Shares | Filing Date: | 4/1/96 | |
| U.S. Shares: | 3,700,000 | Offer Date: | 6/20/96 | |
| Non-U.S. Shares: | 0 | Filing Range: | $12.00 - $15.00 | |
| Primary Shares: | 1,974,750 | Offer Price: | $13.00 | |
| Secondary Shares: | 1,725,250 | Gross Spread: | $0.85 | |
| Offering Amount: | $49,950,000 | Selling: | $0.50 | |
| Expenses: | $1,410,000 | Reallowance: | $0.10 | |
| Shares Out After: | 5,609,350 |
| Manager | Tier | Phone |
| Salomon Brothers Inc. | Lead Manager | (212) 783-2947 |
| BT Securities Corporation | Co-manager | (212) 250-5000 |
| Lazard Freres & Co. | Co-manager | (212) 632-3000 |
| Robert W. Baird & Company | Co-manager | (414) 765-3500 |
| Auditor: Arthur Andersen | |||||
| Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 12/31/95 | 3/29/96 | 3/31/95 | 3/29/96 | ||
| Revenue: | $92.80 | $23.62 | $17.98 | Assets: | $107.05 |
| Net Income: | $3.71 | -$0.40 | -$0.15 | Liabilities: | $79.97 |
| EPS: | $0.02 | -$0.12 | -$0.12 | Equity: | $27.08 |
Note: Dollar amounts are in U.S. millions; Audited figures expressed as full year, unaudited figures are partial year | |||||
| Business Description |
| The company manufactures specialized metal accessories used in concrete construction and masonry construction. The Company's products are used primarily in two segments of the construction industry: non-residential building projects such as institutional buildings, retail sites, commercial offices and manufacturing facilities; and infrastructure projects such as highway, bridges, utilities, water and waste treatment facilities and airport runways. On an historical basis, the dollar volume of non-residential building and infrastructure construction in North America has been less cyclical than that of single family residential construction. The Company was founded in 1924 under the name The Dayton Sure-Grip and Shore Company. The Company believes that its distribution system is the largest in the industry, consisting of a network of 22 Company-operated service/distribution centers in the United States and Canada and over 3,000 customers, including stocking dealers, brokers, rebar fabricators, precast concrete manufacturers and brick and concrete block manufacturers. |
| Use of Proceeds |
| The proceeds from the offering will be used to prepay the company's 11.75% senior notes. |
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