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Uniroyal Global Engineered Products Inc. (UNIR)

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REVERSE MERGER NEWS:

March 14, 2014

Invisa Announces Non-binding Letter of Intent to Acquire Uniroyal


-Upon completion of the acquisition, Invisa will have in excess of 500,000 square feet of manufacturing space, 500 employees and approximately $100 million in revenue.

-Invisa will acquire all of the outstanding capital stock of Uniroyal Engineered Products and Wardle Storeys Limited in exchange for newly issued shares of Invisa non-convertible preferred stock.

-The number of current outstanding shares of Invisa common stock will not be altered by the proposed transaction.

 



Current Share Structure:

Shares Authorized: 95 million
Shares Outstanding: 14.2 million*
Shares Floating: 5.3 million

*Curd/Uniroyal owns 10.7 million of Outstanding
Insiders could own 2.6 million of Outstanding
Float is gone..


Current Market Cap (3/21/14): $14 million

1-2x Sales @ $100 million sales = $7-$14 PPS

 


 

  

http://www.invisa.com

Invisa (INSA:OTCQB) manufactures and markets proprietary safety sensing products for the parking gate market under the brand name SmartGate®. Invisa’s safety system generates an invisible protective field that moves with and precedes the potentially hazardous leading edge of powered gates.

Invisa Inc.
6935 15th Street East
Suite 120
Sarasota, FL 34243
Phone: 941-355-9361
Fax: 941-355-9373

 


 



http://www.naugahyde.com

Uniroyal Engineered Products LLC
Corporate Office

1800 2nd Street, Suite 970
Sarasota, Florida 34236

Phone: 941-906-8580

Uniroyal Engineered Products LLC
Manufacturing Facility

501 South Water Street
Stoughton, Wisconsin 53589-2481


Uniroyal, based in Sarasota, Florida, with manufacturing in Stoughton, Wisconsin, sells to the automotive and industrial marketplace under the name Uniroyal Engineered Products and to the consumer related marketplace under the name Naugahyde®, the most widely recognized coated vinyl brand name in North America. Uniroyal re-entered the automotive interior marketplace in 2010.   
 


Uniroyal Engineered Products merges with UK's Wardle Storeys
Published: March 14, 2013 3:30 pm ET
Updated: March 15, 2013 9:43 am ET

SARASOTA, FLA. -- The producer of the well-known Naugahyde vinyl-coated fabrics brand has merged with a British firm to expand its reach into Europe.
Uniroyal Engineered Products announced March 12 that it combined with Wardle Storeys Ltd. of Earby, England. Uniroyal Engineered is headquartered in Sarasota, Fla., and runs a manufacturing plant in Stoughton, Wis. Like Uniroyal Engineered, Wardle Storeys is a major producer of vinyl-coated fabrics. The firms have diverse markets, the major ones including automotive, industrial, upholstery and healthcare.

Terms of the deal were not disclosed. The acquisition became effective March 4.

"There were two main reasons for the merger," said Uniroyal Engineered President Howard F. Curd in a telephone interview. "The geography is important to expand our footprint. Customers, especially in automotive, are getting more global." The other main reason is that the firms' auto business, the biggest market for the combined companies, did not have much overlap. "They sell to different OEMs and Tier 1 companies," Curd explained. "This is an opportunity to open up to new customers overseas."

The combined business has annual sales of more than $100 million, estimated Uniroyal Engineered vice president of human resources John Lynn in a telephone interview. It will be based in Sarasota but the companies will continue to operate under their established names to take advantage of the goodwill they have earned in their markets. There is no immediate plan to create a new name for the combined entity. Uniroyal Engineered has had very limited business overseas, although brokers might have been selling its coated fabrics offshore.

Curd said he and private investors bought Uniroyal Engineered in 2003 with the legal assistance of Five Points Partners LLC of New York. Uniroyal Engineered used to be part of Uniroyal Technology Corp., which filed for Chapter 11 bankruptcy protection in 2002. In 2003 Uniroyal Technology's businesses were split up with Curd and his partners getting the vinyl-coated fabric business. The Uniroyal moniker dates to 1961 when the former United States Rubber Co. changed its name. Uniroyal, originally a tire company, diversified into specialty chemicals, vinyl fabrics, plastic sheet and specialty products. In 1990 French tire major Michelin bought the Uniroyal Tire business. In 2000, Spartech Corp. bought the sheet business comprising Royalite thermoplastic sheet and Polycast cell-cast acrylics. The Naugahyde name derives from Naugatuck, Conn., where the vinyl-coated fabric was first made in 1936. Uniroyal Engineered sells its industrial products under the Uniroyal Engineered Products name and its consumer-related products under the Naugahyde name.

Wardle Storeys' brand names include Amba vinyl-coated fabrics for the contract upholstery market and Velbex calendered vinyl sheet for medical, industrial, barrier, pond liner, decorative laminates and other markets.The company also has a components division that does vacuum forming, injection molding and urethane foam molding for automotive and other markets. Calendered vinyl will be the biggest new business for Uniroyal Engineered in the merger, according to Curd. "Uniroyal [Engineered] and Wardle Storeys have a long history of outstanding design and development capabilities and the technology exchange and the sharing of resources will expand our offerings to all our customers," Curd noted in a news release. Wardle Storeys sells a range of vinyl-coated auto interior trim, including vacuum-formed components. Other markets for such products include marine, healthcare, child care and other transportation applications. Earby, in Lancashire County, is its only manufacturing plant. The firm was privately owned. Wardle Storey referred questions about the deal to Uniroyal Engineered.

According to Hoover's, a Dun & Bradstreet company, Uniroyal Engineered's main competitors are specialty textile firm Hallwood Group Inc. of Dallas; producer of elastomer-coated and unsupported sheeting Trelleborg Coated Systems U.S. Inc. of Spartanburg, S.C.; and Eagle Ottawa LLC, an Auburn Hillls, Mich., supplier of leather and leather laminates for premium automotive interior trim.


 


 wardle storeys logo

Wardle Storeys (Earby) Ltd.
Grove Mill
Earby
Colne
Lancashire
BB18 6UT

Tel: +44 (0) 1282 842511
Fax: +44 (0) 1282 843170


http://www.wardlestoreys.com/index.html

Wardle Storeys, based in Earby, Lancashire, England, is a well established supplier to the European automotive interior market and sells consumer-related products under the brand name Ambla®.   


NEWS:



Date Time Source Headline Symbol   Company
03/14/2014 5:04PM EDGAR Mutual Fund Summary Prospectus (497k) USOTC:INSA   Invisa, Inc. (QB)
03/14/2014 5:04PM EDGAR Current Report Filing (8-k) USOTC:INSA   Invisa, Inc. (QB)
03/14/2014 5:00PM BW Invisa Announces Non-binding Letter of Intent to Acquire Uniroyal USOTC:INSA   Invisa, Inc. (QB)
03/11/2014 5:14PM EDGAR Amended Statement of Beneficial Ownership (sc 13d/a) USOTC:INSA   Invisa, Inc. (QB)
03/10/2014 6:01AM EDGAR Current Report Filing (8-k) USOTC:INSA   Invisa, Inc. (QB)
03/07/2014 7:32PM BW Invisa Announces Financing Transaction USOTC:INSA   Invisa, Inc. (QB)
02/26/2014 2:44PM EDGAR Mutual Fund Summary Prospectus (497k) USOTC:INSA   Invisa, Inc. (QB)
02/26/2014 2:42PM EDGAR Certified Annual Shareholder Report for Management Investment Companies (n-csr) USOTC:INSA   Invisa, Inc. (QB)
02/26/2014 2:41PM EDGAR Mutual Fund Summary Prospectus (497k) USOTC:INSA   Invisa, Inc. (QB)
02/26/2014 2:41PM EDGAR Certified Annual Shareholder Report for Management Investment Companies (n-csr) USOTC:INSA   Invisa, Inc. (QB)
02/26/2014 2:40PM EDGAR Statement of Changes in Beneficial Ownership (4) USOTC:INSA   Invisa, Inc. (QB)
02/26/2014 2:39PM EDGAR Statement of Changes in Beneficial Ownership (4) USOTC:INSA   Invisa, Inc. (QB)
02/26/2014 2:39PM EDGAR Semi-annual Report (management Company) (nsar-a) USOTC:INSA   Invisa, Inc. (QB)
02/26/2014 2:39PM EDGAR Statement of Changes in Beneficial Ownership (4) USOTC:INSA   Invisa, Inc. (QB)
02/26/2014 2:38PM EDGAR Statement of Changes in Beneficial Ownership (4) USOTC:INSA   Invisa, Inc. (QB)
02/26/2014 2:19PM EDGAR Annual Statement of Changes in Beneficial Ownership (5) USOTC:INSA   Invisa, Inc. (QB)
02/26/2014 2:19PM EDGAR Semi-annual Report (management Company) (nsar-a) USOTC:INSA   Invisa, Inc. (QB)
02/26/2014 2:19PM EDGAR Annual Statement of Changes in Beneficial Ownership (5) USOTC:INSA   Invisa, Inc. (QB)
02/26/2014 2:18PM EDGAR Annual Statement of Changes in Beneficial Ownership (5) USOTC:INSA   Invisa, Inc. (QB)
02/26/2014 2:18PM EDGAR Annual Statement of Changes in Beneficial Ownership (5) USOTC:INSA   Invisa, Inc. (QB)
07/29/2013 5:18PM EDGAR Quarterly Report (10-q) USOTC:INSA   Invisa, Inc. (QB)
 

 

 


 

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UNIR
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PostSubject
#306   UNIR to release Q2 16 earnings after market thursday. sven 08/02/16 10:14:56 AM
#305   Earnings Out: sven 03/28/16 09:12:25 AM
#304   UNIR Presentation at Noble sven 01/22/16 08:33:11 AM
#303   UNIR at Noble conf tommorrow but webcast won't sven 01/18/16 04:04:46 PM
#302   Q3 15 Earnings sven 11/04/15 02:28:52 PM
#301   Q3 15 Earnnings should be out next week. sven 10/28/15 10:04:24 AM
#300   Increased Production Line: sven 09/02/15 07:55:19 AM
#299   Ratings on Nasdaq sven 08/19/15 03:00:46 PM
#298   Fully diluted there are about 20 million shares. sven 08/07/15 08:32:57 AM
#297   Does anyone have the fully diluted number Leslie Salt 08/06/15 10:03:48 PM
#296   Yeah, they are doing well. Hopefully, Germany sven 08/05/15 10:46:37 AM
#295   Pretty decent report for UNIR. nsomniyak 08/05/15 10:16:52 AM
#294   Q2 15 Earnings Out sven 08/05/15 09:04:45 AM
#293   Q2 Earnings to be released tomorrow sven 08/04/15 09:46:18 AM
#292   They continue to look for strategic acquisitions to sven 07/16/15 11:47:11 AM
#291   They continue to look for strategic acquisitions to sven 07/16/15 11:46:25 AM
#290   One small step forward nsomniyak 07/16/15 01:24:11 AM
#289   Invisa Inc., INSA, changed to Uniroyal Global Engineered Renee 07/15/15 05:34:55 PM
#288   Shareholder meeting June 25th. They will be sven 06/17/15 08:14:08 AM
#287   Seeking Alpha: sven 05/20/15 02:33:40 PM
#286   Invisa on Wall street analyzer sven 05/19/15 11:27:10 AM
#285   Q1 15 Earnings. sven 05/04/15 11:24:50 AM
#284   Maybe not $5, but another new high. Good HokieHead 04/10/15 09:58:17 PM
#283   Uniroyal Technical Products - Reverse Merger With Some HokieHead 04/09/15 03:56:11 PM
#282   $5+ by end of week imo.. HokieHead 04/04/15 02:07:53 PM
#281   What a treat,adding more… TeamWest 04/03/15 05:24:25 AM
#280   Buck - Hope you're still in. Finally paying off.. HokieHead 04/02/15 09:12:49 PM
#279   Share Structure.. HokieHead 04/02/15 11:14:49 AM
#278   Looky here... HokieHead 04/02/15 10:33:20 AM
#277   10K is out. Release coming this morning sven 03/31/15 08:29:33 AM
#276   now, that's a sign! artifacts 03/09/15 02:32:50 AM
#275   First 10K with all revenues from combined entities sven 03/06/15 10:46:24 AM
#274   New 8K out sven 01/21/15 09:19:27 AM
#273   Here's the link to the INSA announcement nsomniyak 11/11/14 08:55:28 AM
#272   Yes, it's been an almost given but I HokieHead 11/11/14 08:42:40 AM
#271   merger complete 8k filed after hours titans1 11/11/14 02:26:38 AM
#270   I am guessing this merger is a go: HokieHead 10/27/14 02:08:39 PM
#269   $INSA recent news/filings stocktrademan 08/12/14 10:17:40 AM
#268   definitely. she's moving pretty well on her own Bucknasty614 04/21/14 08:20:16 AM
#267   She's looking good here ladies and gents!!! A ROB CELL 04/16/14 12:50:48 PM
#266   1.75s up Bucknasty614 04/15/14 01:16:48 PM
#265   1.60x1.7 Bucknasty614 04/10/14 11:12:00 AM
#264   up 15% so far today! 1.5x1.7 Bucknasty614 04/10/14 10:33:15 AM
#263   1.40x.1.48 steady climbing Bucknasty614 04/10/14 10:00:23 AM
#262   1.31x1.49 10k on the bid Bucknasty614 04/09/14 12:29:15 PM
#261   1.30x1.49 Bucknasty614 04/09/14 11:06:42 AM
#260   right on que Bucknasty614 04/04/14 10:34:22 AM
#259   1.18x1.2 slaps should be coming soon Bucknasty614 04/04/14 10:32:45 AM
#258   INSA Interview with Uniroyal President Howard Curd sven 03/31/14 12:33:15 PM
#257   Not letting go of mine! ROB CELL 03/28/14 03:01:30 PM
PostSubject