Amstar Corp/DE – ‘8-K’ for 6/21/95

As of:  Friday, 6/23/95   ·   For:  6/21/95   ·   Accession #:  807711-95-7   ·   File #:  33-10740

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Current Report   —   Form 8-K
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 1: 8-K         Current Report                                         2      9K 

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8-K
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SECURITIES AND EXCHANGE COMMISSION              
Washington, D.C. 20549              
_______________________               

Form 8-K                

CURRENT REPORT              

Pursuant to Section 13 or 15(d)                 
of the                
Securities Exchange Act of 1934                 

Date of Report:   June 21, 1995                 

AMSTAR CORPORATION              
(Exact name of registrant as specified in its charter)              

DELAWARE                
(State of Incorporation)                  

13-3382652                
(I.R.S. Employer Identification No.)                  

Long Wharf Maritime Center                
555 Long Wharf Drive, Suite 12                
New Haven, CT 06511                 
(Address of principal executive offices)                

(203) 777-2274              
(Registrant's telephone number)               

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ITEM 5.   Other Events                                                          

The Registrant issued the following press release on June   
21, 1995:                                                                       

"NEW HAVEN, CONNECTICUT, June 21, 1995.......Amstar         
Corporation announced today that its parent corporation, ESSTAR                 
Incorporated, and the principal stockholders of ESSTAR, have                    
entered into a definitive agreement with a U.S. subsidiary of Atlas             
Copco AB, of Stockholm, Sweden, for the sale of the stock of                    
ESSTAR, Amstar and Milwaukee Electric Tool Corporation, a                       
subsidiary of Amstar, to the Atlas Copco subsidiary, for                        
approximately $550 million, subject to certain adjustments.  The                
agreement provides that Amstar's outstanding 11.375% Senior                     
Subordinated Notes due 1997 will be defeased at 101.3% of  their                
principal amount, plus accrued interest, approximately 30 days                  
after the closing of the transaction.  The closing is expected to               
occur in July 1995.                                                             

"Milwaukee Electric Tool Corporation is a leading           
manufacturer and distributor of heavy-duty portable electric power              
tools.  Atlas Copco is an international industrial company with                 
world wide manufacturing and marketing operations for various                   
industrial products, including portable electric power tools.                   

"On June 30, 1989, through an exchange of stock by          
Amstar's shareholders, Amstar became a wholly owned subsidiary of               
ESSTAR, a corporation organized under the direction of Merrill                  
Lynch Capital Partners.  Affiliates of  Merrill Lynch Capital                   
Partners hold a majority of the voting power of ESSTAR.                         

"ESSTAR subsidiaries engaged in the manufacture and         
distribution of architectural hardware and related products - the               
ESSEX companies - will be divested from ESSTAR in the transaction.              
Merrill Lynch Capital Partners will retain a controlling interest               
in the ESSEX companies following the closing."                                  

SIGNATURE               

Pursuant to the requirements of the Securities Exchange Act of        
1934, the Registrant has duly caused this report to be signed on                
its behalf by the undersigned hereunto duly authorized.                         
        AMSTAR CORPORATION

             By:/s/ Kenneth J. Jones
            Kenneth J. Jones
     Secretary

Dated: June 23, 1995                                                            

Dates Referenced Herein

				Referenced-On Page
This ‘8-K’ Filing		Date		First		Last			Other Filings
Filed on:		6/23/95		2					None on these Dates
For Period End:		6/21/95		1		2
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