| Ticker: SIND | 309 Lafayette Road | |
| Exchange: NASDAQ-National Market | Chickamauga, Georgia 30707 | |
| Industry: Manufacturing | (706) 375-3121 |
| Type of Shares: | Common Shares | Filing Date: | 8/1/96 | |
| U.S. Shares: | 2,500,000 | Offer Date: | 11/1/96 | |
| Non-U.S. Shares: | 0 | Filing Range: | $15.00 - $17.00 | |
| Primary Shares: | 2,500,000 | Offer Price: | $13.00 | |
| Secondary Shares: | 0 | Gross Spread: | $0.91 | |
| Offering Amount: | $40,000,000 | Selling: | $0.55 | |
| Expenses: | $1,000,000 | Reallowance: | $0.10 | |
| Shares Out After: | 7,500,000 |
| Manager | Tier | Phone |
| Bear, Stearns & Co. Inc. | Lead Manager | (212) 272-2000 |
| Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 9/30/95 | 6/30/96 | 6/30/95 | 6/30/96 | ||
| Revenue: | $271.43 | $212.06 | $194.35 | Assets: | $325.53 |
| Net Income: | $3.34 | $3.76 | $2.56 | Liabilities: | $265.02 |
| EPS: | $0.43 | $0.49 | Equity: | $60.51 | |
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 world's leading producers of polypropylene fabrics and fibers for the home furnishing, construction, environmental, recreational and agricultural industries. The company manufactures and sells more than 2,000 products in over 65 end-use markets. The company believes that it is the second largest producer of carpet backing in the world and is the largest producer of synthetic fiber additives for concrete reinforcement through its Fibermesh line of products. The company also produces polypropylene products for the geotextile and erosion control markets and is a leader in designing innovative products for specialty applications. The company's products are engineered to meet specific customer criteria such as strength, flexibility, resistance to sunlight, water/air permeability and resistance to bacteria. The company aims to compete in markets in which it can be the primary or secondary provider of such products, with over 93% of its products meeting this criterion. The company's products are sold along three principal product lines: carpet backing, construction and civil engineering products, and technical textiles. The company's consolidated sales have grown from $188 million in fiscal 1991 to $271 million in fiscal 1995. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used to repay certain outstanding indebtedness. |
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