| Waterlink, Inc. | |||
| Ticker: | WLK | 4100 Holiday Street, N.W., Suite 201 | |
| Exchange: | New York Stock Exchange | Canton, OH 44718 | |
| Industry: | Manufacturing (SIC Code 3589) | (330) 649-4008 | |
| Type of Shares: | Common Shares | Filing Date: | 4/16/97 | |
| U.S. Shares: | 4,500,000 | Offer Date: | 6/24/97 | |
| Non-U.S. Shares: | 0 | Filing Range: | $10.00 - $12.00 | |
| Primary Shares: | 4,500,000 | Offer Price: | $11.00 | |
| Secondary Shares: | 0 | Gross Spread: | $0.77 | |
| Offering Amount: | $49,500,000 | Selling: | $0.46 | |
| Expenses: | - | Reallowance: | $0.10 | |
| Shares Out After: | - |
| Manager | Tier | Phone |
| Smith Barney Inc. | Lead Manager | (212) 723-7300 |
| Oppenheimer & Company, Inc. | Co-manager | (212) 667-7400 |
| Sanders Morris Mundy Inc. | Co-manager | (713) 250-4281 |
| Issuer's Law Firm: | Benesch Friedlander Coplan & Aronoff |
| Bank's Law Firm: | Morgan, Lewis & Bockius |
| Auditor: | Ernst & Young |
Dollar amounts in U.S. millions except for per share data | |||||
| 3 Month Ending Financials | |||||
| Full Year Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 9/30/96 | 12/31/96 | 12/31/95 | 12/31/96 | ||
| Revenue: | $19.80 | $9.87 | $3.28 | Assets: | $77.99 |
| Net Income: | $0.31 | $0.23 | $0.01 | Curr Assets: | |
| EPS: | Liabilities: | $60.34 | |||
| Prior EPS: | -$0.10 | -$0.59 | Curr Liabilities: | ||
| Cash Flow/Oper: | -$0.01 | Equity: | $17.65 | ||
| Cash Flow/Fin: | Cash: | ||||
| Cash Flow/Inv: | |||||
| Business Description |
| The company is an international provider of integrated water purification and wastewater treatment solutions, principally to industrial and municipal customers. The company believes its expertise is in the analysis of a customer's water purification and wastewater treatment requirements and the customized application of the company's systems, equipment and services to provide cost effective solutions. Since its formation in December 1994, the company has grown significantly by completing six acquisitions consisting of thirteen operating companies. In addition, the company will complete the Pending Acquisitions concurrently with the closing of the Offering. As a result of its acquisition program and internal development, the company has increased its ability to provide integrated water purification and wastewater treatment solutions and has expanded its geographic presence. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used to pay the cash portion of the purchase prices of the pending acquisitions, repay indebtedness of the company and for general corporate purposes. |