| Metals USA, Inc. | |||
| Ticker: | MUI | 4801 Woodway Drive, Suite 300E | |
| Exchange: | New York Stock Exchange | Houston, TX 77056 | |
| Industry: | Wholesale (SIC Code 5051) | (713) 964-2713 | |
| Type of Shares: | Common Shares | Filing Date: | 5/7/97 | |
| U.S. Shares: | 5,900,000 | Offer Date: | 7/10/97 | |
| Non-U.S. Shares: | 0 | Filing Range: | $12.00 - $14.00 | |
| Primary Shares: | 5,900,000 | Offer Price: | $10.00 | |
| Secondary Shares: | 0 | Gross Spread: | $0.70 | |
| Offering Amount: | $76,700,000 | Selling: | $0.40 | |
| Expenses: | $4,000,000 | Reallowance: | $0.10 | |
| Shares Out After: | 20,782,023 |
| Manager | Tier | Phone |
| Alex. Brown & Sons Incorporated | Lead Manager | (410) 895-2700 |
| Bear, Stearns & Co. Inc. | Co-manager | (212) 272-4850 |
| Sanders Morris Mundy Inc. | Co-manager | (713) 250-4281 |
| Issuer's Law Firm: | Bracewell & Patterson |
| Bank's Law Firm: | Piper & Marbury |
| Auditor: | Arthur Andersen |
Dollar amounts in U.S. millions except for per share data | |||||
| Full Year Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 12/31/96 | 12/31/96 | ||||
| Revenue: | $387.04 | Assets: | $241.05 | ||
| Net Income: | $9.34 | Curr Assets: | |||
| EPS: | $0.48 | Liabilities: | $173.82 | ||
| Prior EPS: | Curr Liabilities: | ||||
| Cash Flow/Oper: | Equity: | $67.23 | |||
| Cash Flow/Fin: | Cash: | ||||
| Cash Flow/Inv: | |||||
| Business Description |
| The company is a leading national value-added metals processor/service center, to manufacture higher-value components from processed metals and to pursue aggressivley the consolidation of highly-fragmented metals processing industry. The company believes that the metals processor/service center industry in the United States is consolidating and currently has as many as 3,500 participants collectively generating over $50 billion in annual revenues. The company intends to play a major role in the consolidation of this industry by combining a broad-based group of metals processing and manufacturing companies. To be a leader in the consolidation of the metals processing industry, the company will be required to acquire and deploy the capital-intensive equipment and technology necessary to meet rapidly changing customer requirements. The company engages in the preproduction processing of steel, aluminum and specialty metals and intends to capitalize on trends occurring among both primary metals producers are focusing on their core competencies of high-volume production of a limited number of standardized metal products, and are limiting or eliminating their processing services. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used to pay the cash portion of the purchase price for the Founding Companies, to repay expenses incurred in connection with the organization of Metals USA and the offering, for general corporate purposes including future acquisitions. |