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Insilco Comments on FTC Consent Order

27 August 1997

Insilco Comments on FTC Consent Order

    COLUMBUS, Ohio, Aug. 27 -- Insilco Corporation
confirmed today that the Federal Trade Commission had approved, for public
notice and comment, a proposed Consent Order that would require Insilco to
divest certain assets acquired in its purchase of the automotive tubing
business of Helima Helvetion International, Inc.  However, the Company also
reported that it had formally withdrawn its consent to the order on July 2,
1997, prior to the Commission's consideration or approval of the form of the
Order, and that the status of the Consent Order was therefore unclear.  The
FTC has taken the position that the Company cannot withdraw from the Consent
Order and does not acknowledge the validity or effectiveness of the Company's
withdrawal.  Despite the parties' disagreement over the effectiveness of
Insilco's withdrawal from the proposed Consent Order, Insilco continues to
make every effort to reach a resolution satisfactory to both parties,
substantially on the terms set forth in the FTC's release.
    Insilco further commented that any divestiture contemplated by the parties
will not have a material impact on the Company's consolidated financial
condition, results of operations, or liquidity.  Revenues for the affected
operation for the six month period ended June 30, 1997, were $2.9 million and
the book value of all five rollformers potentially subject to divestiture is
less than $3 million.  In addition, Insilco does not believe that the
acquisition guidelines contained in the Order, if confirmed, will affect its
ability to complete future acquisitions.
    Robert L. Smialek, Insilco's Chairman and CEO, commented, "We strongly
believe that no violation of federal antitrust laws took place in our
acquisition of Helima's automotive tubing business, but to avoid further
distraction to the business, are working toward an amicable resolution of the
FTC's concerns."
    Insilco Corporation, based in suburban Columbus Ohio, is a diversified
manufacturer of industrial components and a supplier of specialty
publications.  The Company's industrial business units serve the automotive,
electronics, telecommunications and other industrial markets, and its
publishing business serves the school yearbook market.  It had revenues in
1996 of $572 million.
    Investor Relations Contact, David A. Kauer, 614-792-0468 or write to
Insilco Corporation, Investor Relations, 425 Metro Place North, Box 7196,
Dublin, OH 43017, or call Melodye Demastus, Melrose Consulting,
614-771-0860.

SOURCE  Insilco Corporation