ROHN Enters Into Agreement to Sell Substantially All Its Assets To Platinum Equity.

Publication: PR Newswire

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COPYRIGHT 2002 PR Newswire Association LLC

ROHN Industries , a provider of infrastructure equipment for the telecommunications industry, announced today that it has agreed to sell substantially all its assets to an affiliate of Platinum Equity LLC, a Los Angeles-based private equity firm, for approximately $8.75 million, plus the assumption of certain liabilities.

Platinum Equity has agreed to purchase the assets relating to ROHN's towers division, enclosures division, accessories division and construction services division as well as the Company's operations in Mexico. This includes the Company's facilities located in Peoria, Illinois; Frankfort, Indiana and Bessemer, Alabama.

The transaction has been approved by the Company's Board of Directors. The transaction...

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