[Missed this in the news. Tessco is recommending Microflect/PiRod towers until the dust settles. -Mike O.]
>From http://www.rohnnet.com/ - Press Releases Radian Communication Services Corp. to acquire ROHN Industries, Inc. Dec 15, 2003 Toronto, Canada Radian Communication Services Corporation ("Radian"), a subsidiary of Onex Corporation, announced today that it has received approval from the United States Bankruptcy Court for the Southern District of Indiana (Indianapolis Division) to acquire all of the assets related to the tower and tower accessory manufacturing operations of ROHN Industries, Inc. and its affiliated debtors (collectively "ROHN") for US$7.9 million. This transaction is expected to close on or about December 19, 2003. ROHN has been a leading designer and manufacturer of towers, poles, masts and antenna mounts for the wireless telecommunications, lighting, wind power and utility transmission/distribution sectors since 1948. ROHN's product offerings, which include hollow leg towers, tapered monopoles, light towers, and tower accessories, complement Radian's extensive line of broadcast towers, solid round and angle leg towers, flange monopoles, and tower accessories. In addition, this purchase will allow Radian to provide its full range of maintenance and installation services to owners of ROHN's products. Radian is also pleased to announce that David Brinker, P.E., the head of ROHN's highly regarded engineering group, has agreed to join the Radian team following the acquisition. Together, the combined engineering leadership of Radian and ROHN has designed over 100,000 towers worldwide. The value provided by the group's collective experience will be available to all current and future Radian and ROHN customers. "This acquisition is an exciting new opportunity for Radian to expand its tower product offerings," said H. Douglas Tipple, President and Chief Executive Officer of Radian. "ROHN's products are well established and include a broad range of quality towers and tower accessories. Radian will continue to produce, market and support all of these products, enabling us to offer a full range of telecommunications infrastructure solutions to North American and international wireless carriers, broadcasters and governments." About Radian For over 40 years, Radian Communication Services Corporation has been a leading provider of communications infrastructure, including network design, installation and management, and tower engineering and construction to the telecommunications and broadcast industries. Radian operates from 20 offices across Canada and the United States. Radian's engineering and manufacturing is ISO 9001:2000 registered and AISC Certified for Complex Structures. Radian is a subsidiary of Onex Corporation (TSX:OCX). Onex Corporation is a diversified company with 2002 annual consolidated revenues of approximately $23 billion and consolidated assets of approximately $15 billion. Onex is one of Canada's largest companies with global operations in service, manufacturing and technology industries. Its subsidiaries include Celestica Inc., Loews Cineplex Entertainment Corporation, ClientLogic Corporation, Dura Automotive Systems, Inc., J.L. French Automotive Castings, Inc., Bostrom Holding, Inc., Radian Communication Services Corporation, Performance Logistics Group, Inc. and. InsLogic Corporation. Onex shares trade on the Toronto Stock Exchange under the stock symbol OCX. For further information: H. Douglas Tipple, President and Chief Executive Officer, or Kathy Welsh, Chief Financial Officer, at (905) 212-8200.
