Insilco Holding Co. Completes Sale of Specialty Publishing Unit
14 February 2000
Insilco Holding Co. Completes Sale of Specialty Publishing UnitCOLUMBUS, Ohio, Feb. 11 -- Insilco Holding Co. (OTC Bulletin Board: INSL) reported today that it has completed the previously announced sale of Taylor Publishing, its Dallas-based specialty publishing business unit, to a newly formed company owned by Castle Harlan Partners III, L.P. for proceeds of $93.48 million before adjustments for working capital and transaction-related costs. David A. Kauer, Insilco President and CEO, reiterated, "Taylor is a fine business with solid prospects, however it does not fit with our long-term strategy of pursuing growth in our core technology and heat exchanger businesses." Kauer concluded, "We have benefited from our long association with Taylor Publishing and wish them much success in the future." Insilco Holding Co., based in suburban Columbus, Ohio, is a diversified manufacturer of industrial components. The Company's business units serve the telecommunications, electronics, automotive and other industrial markets. It had revenues in 1999 of $580 million. Investor Relations Contact: Michael Elia 614-792-0468 or write to Insilco Holding Co., Investor Relations, 425 Metro Place North, Box 7196, Dublin, OH 43017 or call Melodye Demastus, Melrose Consulting 614-771-0860. You may also visit our web site at http://www.investor-access.com/insilco.html .