| Ticker: AGP | 17304 Preston Road, Suite 700 | |
| Exchange: New York Stock Exchange | Dallas, Texas 75252 | |
| Industry: Manufacturing | (214) 733-6200 |
| Type of Shares: | Class A Common Shares | Filing Date: | 4/25/96 | |
| U.S. Shares: | 12,500,000 | Offer Date: | 7/1/96 | |
| Non-U.S. Shares: | 3,125,000 | Filing Range: | $15.00 - $17.00 | |
| Primary Shares: | 12,500,000 | Offer Price: | $15.00 | |
| Secondary Shares: | 3,125,000 | Gross Spread: | $0.86 | |
| Offering Amount: | $250,000,000 | Selling: | $0.52 | |
| Expenses: | $1,300,000 | Reallowance: | $0.10 | |
| Shares Out After: | 27,399,809 |
| Manager | Tier | Phone |
| Morgan Stanley & Co. Incorporated | Lead Manager | (212) 703-4797 |
| Alex. Brown & Sons Incorporated | Co-manager | (410) 727-1700 |
| BT Securities Corporation | Co-manager | (212) 250-5000 |
| CS First Boston | Co-manager | (212) 909-3312 |
| Goldman, Sachs & Co. | Co-manager | (212) 902-1172 |
| Salomon Brothers Inc. | Co-manager | (212) 783-2947 |
| Wasserstein Perella Securities | Co-manager | (212) 969-2611 |
| Auditor: KPMG Peat Marwick | |||||
| Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 12/31/95 | 3/31/96 | 3/31/95 | 3/31/96 | ||
| Revenue: | $259.34 | $121.42 | $47.69 | Assets: | $500.79 |
| Net Income: | -$14.69 | $0.13 | $0.59 | Liabilities: | $567.09 |
| EPS: | -$0.91 | $0.01 | Equity: | -$66.29 | |
Note: Dollar amounts are in U.S. millions; Audited figures expressed as full year, unaudited figures are partial year | |||||
| Business Description |
| The company is one of the largest manufacturers and marketers of paper-based office products (excluding forms and copy paper) in the $60 billion to $70 billion North American office products industry. The company offers a broad product line including nationally branded and private writing pads, file folders, envelopes and other office products. Through its Ampad division, the company is among the largest and most important suppliers of pads and other paper-based writing products, filing supplies and envelopes to many of the largest and fastest growing office products distributors. Acquired in October 1995, the company's Williamhouse division is the leading supplier of mill branded, specialty and commodity envelopes to paper merchants/distributors. The company's strategy is to grow by focusing on the largest and fastest growing office product distribution channels, making acquisitions, introducing new product lines, broadening product distribution across its channels, making acquisitions, introducing new product lines, broadening product distribution across its channels and maintaining its position among the lowest-cost manufacturers in the industry. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used to repay certain outstanding bank debt and redeem a portion of notes issued by the company's principal operating subsidiary and to pay certain fees. |
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