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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities
Exchange Act of 1934
October 31, 1996
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(Date of Report, date of earliest event reported)
VALHI, INC.
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(Exact name of Registrant as specified in its charter)
Delaware 1-5467 87-0110150
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State or other (Commission (IRS Employer
jurisdication of File Number) Identification
incorporation) No.)
5430 LBJ Freeway, Suite 1700, Dallas, TX 75240-2697
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(Address of principal executive offices) (Zip Code)
(972) 233-1700
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(Registrant's telephone number, including area code)
(Former name or address, if changed since last report)
Item 5: Other Events
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On October 31, 1996, the Registrant issued the press
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release attached hereto as Exhibit 99.1 which is incorporated
herein by reference.
Item 7: Financial Statements, Pro Forma Financial Information
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and Exhibits
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(c) Exhibit
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Item No. Exhibit Index
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99.1 Press release dated October 31, 1996
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issued by the Registrant
SIGNATURES
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Pursuant to the requirements of the Securities Exchange
Act of 1934, the Registrant has duly caused this report to be
signed on its behalf by the undersigned hereunto duly authorized.
VALHI, INC.
(Registrant)
By: /s/ Steven L. Watson
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Steven L. Watson
Vice President & Secretary
Date: October 31, 1996
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[COMPANY LOGO]
VALHI, INC. COMPLETES SALE OF MEDITE TIMBERLANDS
Dallas, Texas ... October 31, 1996 ... Valhi, Inc. (NYSE:VHI)
announced that it has completed the previously announced sale of
approximately 170,000 acres of Oregon timber and timberlands to
Rogue Resources, LLC, an Oregon based partnership of forest
product operators, for approximately $118 million in cash
proceeds. The timber and timberlands are part of Valhi's building
products business operated by Medite Corporation, a wholly owned
subsidiary of Valcor, Inc., which is a wholly owned subsidiary of
Valhi. Medite used approximately $53 million of the proceeds to
pay down Medite bank debt in the U.S., and the balance is
available for general corporate purposes.
The previously announced sale of substantially all of the
balance of Valhi's buildings products business to Sierra Pine, a
California limited partnership, for the sale of Medite's Medford,
Oregon medium density fiberboard manufacturing facility and
Willamette Industries, Inc. (NASDAQ:WMTT) for the sale of Medite's
Irish medium density fiberboard operations, respectively, are
expected to close by the end of 1996.
Valhi, Inc. is a major producer of titanium dioxide pigments,
refined sugar and other products.