BRAND COMPLETES PURCHASE OF SCAFFOLDING BUSINESS
BRAND COMPLETES PURCHASE OF SCAFFOLDING BUSINESS WESTCHESTER, Ill., Oct. 5 /PRNewswire/ -- The Brand Companies, Inc.
(NASDAQ: BRAN) reported today that it completed the previously announced acquisition of the scaffolding erection and dismantling division of SGB Construction Services, Inc. for approximately $31 million in cash. The purchased business is expected to generate annual revenue of approximately $38 million, and provides scaffolding design, equipment rental and sale, and erection and dismantlement services for the construction, petrochemical and maintenance industries. The scaffolding erection and dismantlement business operates from eight locations, primarily in the southern U.S.
The Brand Companies, Inc. is a leading company providing services to a broad base of industrial, commercial and institutional customers. Brand's service network includes scaffolding, industrial cleaning, marine construction, specialty nuclear services, asbestos abatement and dismantling. The Brand Companies, Inc. is a subsidiary of Chemical Waste Management, Inc. and is one of the Waste Management, Inc. family of companies. -0- 10/5/92 /CONTACT: Harold W. Ingalls, chief financial officer of The Brand Companies, Inc., 708-947-3502/ (BRAN) CO: Brand Companies, Inc.; SGB Construction Services, Inc. ST: Illinois IN: CST SU: TNM
TS -- NY062 -- 6582 10/05/92 12:20 EDT
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|Date:||Oct 5, 1992|
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