Companies for sale & M&A news
Trailer Chassis Manufacturer
Has international customer base in a niche market producing 20-53 foot trailer chassis. Expandable to the broader transportation market. Excess plant capacity. Rapidly growing sales. For info contact John Astatita of the Gottesman Company at 2124594460 or fax 212-734-2511. (1996) Sales: $41 mil. Profit: $6.7 mil. Asking price: $20 mil.
Clean Room Supply Manufacturer/Distributor
Designs and builds laminar airflow environments that filter air and eliminate microscopic contaminants. This is complemented by the distribution of a full line of clean room supplies sold through reps and 60 page catalog. Call Larry Lorman of the Gottesman Co. at 212-459-4481 or fax 212-734-2511.
(1996) Sales: $6.5 mil. Profit: $650,000 Asking price: $2.8 mil.
Technical/Executive Search Agency
Serves a vertical market. During its 10+ years of operation j achieved a dominant market position. Computerized info system allows on-line reference to more than 40,000 candidates’ info and all principal U.S. employers. About $1 mil. in owners discretionary cash flow in 1995. For info call mark Shappee of Venture Management, Inc. at 806-644-5335 or 805-644-0790.
Tenneco Energy Unit
Tenneco Inc. is asking at least $4 bil. for its natural gas unit. If a sale is not made it will spin off Tenneco Energy to stockholders). Tenneco also plans to spin off Newport News Shipbuilding by the end of 1996. For info contact Tenneco Inc. at 713-757-2131.
Time Inc. has confirmed it is in talks to sell its high profile urban music and culture magazine. Since its inception three years ago the magazine’s circulation has quadrupled and it was recently nominated for two national magazine awards. Contact Time Warner Inc. at 212-484-8000.
Castle Rock Entertainment Unit
Turner Broadcasting Inc. is entertaining offers for its unprofitable film unit. Interested parties already include: Time Warner Inc., Seagram Co.’s MCA Inc., Sony Pictures Entertainment and PolyCram NV’s PolyGram Filmed Entertainment. Turner paid $100 mil. in 1993 for the unit. Contact Turner Broadcasting at 404-827-1700.
Spalding and Evenflo May Be Sold
The Tampa-based Spalding and Evenflo Companies recently announced that the Cisneros Group of Venzuela (its corporate parent) is mulling over a sale of the company. Branded sales of Spalding and Evenflo are expected to hit $1 billion in 1996. Six years ago Cisneros purchased the Spalding sporting goods company and the Evenflo infant products business.
(1) Lynx Golf & (2) Power Transmission
Zurn Industries has hired BT Securities Corporation to sell its Lynx Golf business. In addition, Zurn also wants to sell its Mechanical Power Transmission businesses. Contact Zurn Industries at 814-452-2111.
Copyright Quality Services Company May 13, 1996
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