AMERICAN WHITE CROSS, INC. ANNOUNCES PROPOSED ACQUISITION OF PRIVATE LABEL ORAL CARE BUSINESS.DAYVILLE, Conn.--(BUSINESS WIRE)--Nov. 11, 1994--American White Cross, Inc. (Nasdaq: AWCI AWCI American Watchmakers-Clockmakers Institute AWCI Association of the Wall and Ceiling Industries-International ), today announced that it has signed a letter of intent to acquire the operations of Mi-Lor Corporation. Mi-Lor manufactures and markets consumer store brand and PRO(r) label oral care products, primarily consisting of toothbrushes and dental floss dental floss n. A waxed or unwaxed thread used to remove food particles and plaque from the teeth. . Mi-Lor had sales of approximately $10.3 million for the fiscal year ended March 31, 1994. Under the terms of the letter of intent, the proposed transaction would be structured as an asset acquisition. Specific terms will be disclosed upon execution of a definitive agreement. Howard Koenig, Chairman and Chief Executive Officer stated, "We are very pleased to announce our proposed acquisition of this fine enterprise which clearly fits within our strategic goal of expanding our position in the consumer store brand marketplace. We believe that the oral care market represents a dynamic opportunity to leverage our manufacturing and retail distribution competencies." The acquisition is subject to various conditions, including the execution of a definitive agreement, and is expected to close within 90 days. American White Cross, Inc. is a leading manufacturer and marketer of private label adhesive adhesive, substance capable of sticking to surfaces of other substances and bonding them to one another. The term adhesive cement is sometimes used in place of adhesive, especially when referring to a synthetic adhesive. and cotton-based health and personal care products. Its principal products include adhesive bandages adhesive bandage n. A dressing of absorbent gauze affixed to plastic or fabric coated with a pressure-sensitive adhesive. , cotton swabs "Q-Tip" redirects here. For the rapper, see Q-Tip (rapper). For the band, see Q-Tips (band). Cotton swabs (British English: cotton buds) are used in first aid, cosmetics application, and a variety of other uses. , cosmetic puffs, rounds and squares, waterproof tape, sterile cotton balls, first aid kits and cotton coil used in the packaging of drugs and vitamins in bottles. The Company also sells adhesive bandages under its own national brands, including Aladdin and Beauty and the Beast Beauty and the Beast is a traditional fairy tale (type 425C -- search for a lost husband -- in the Aarne-Thompson classification). The first published version of the fairy tale was a meandering rendition by Madame Gabrielle-Suzanne Barbot de Villeneuve, published in (each marketed under license from The Walt Disney Noun 1. Walt Disney - United States film maker who pioneered animated cartoons and created such characters as Mickey Mouse and Donald Duck; founded Disneyland (1901-1966) Disney, Walter Elias Disney Company) and STAT-STRIP (easy opening bandages). CONTACT: AMERICAN WHITE CROSS, Inc., Dayville
Scott Vertrees, 714/248-8900
or Tom Rallo, 203/774-8541
or
Morgen-Walke Associates, New York
IR CONTACT: David Walke/Amy Weisman/Melissa Garelick
PRESS: Stacy Berns
212/850-5600
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