Insilco Corp

Donaldson, Lufkin & Jenrette Inc., based in New York, said its investment fund agreed to buy 90% of Insilco Corp. for $437 million in cash, stock and assumed debt, giving the industrial parts maker and publisher the resources it needs to expand. Dublin, Ohio-based Insilco, which had sales of $539 million last year, will receive $174 million in cash, the companies said. Under the deal, Insilco shareholders will receive $44.50 a share, consisting of $42.98 in cash and about 0.

Insilco to Sell Sinclair Paint: The agreement to sell for $51 million to Grow Group Inc. excludes some real estate assets. Insilco Corp., which emerged from Chapter 11 bankruptcy protection in April, 1993, also said it has abandoned plans to sell two other units, Rolodex and Curtis Manufacturing Co. Proceeds from the Sinclair Paint Co. sale, which is expected to close by Aug. 1, will go toward reducing Insilco's debt.

Insilco to Sell Sinclair Paint: The agreement to sell for $51 million to Grow Group Inc. excludes some real estate assets. Insilco Corp., which emerged from Chapter 11 bankruptcy protection in April, 1993, also said it has abandoned plans to sell two other units, Rolodex and Curtis Manufacturing Co. Proceeds from the Sinclair Paint Co. sale, which is expected to close by Aug. 1, will go toward reducing Insilco's debt.

Donaldson, Lufkin & Jenrette Inc., based in New York, said its investment fund agreed to buy 90% of Insilco Corp. for $437 million in cash, stock and assumed debt, giving the industrial parts maker and publisher the resources it needs to expand. Dublin, Ohio-based Insilco, which had sales of $539 million last year, will receive $174 million in cash, the companies said. Under the deal, Insilco shareholders will receive $44.50 a share, consisting of $42.98 in cash and about 0.

Insilco Corp., the maker of Rolodex filing systems and Red Devil paints, Thursday said that it has agreed to merge with INR Holdings Inc. for about $1.1 billion, dropping an earlier agreement to be bought out by a group including senior management. Insilco, a Meriden, Conn.-based diversified manufacturer, said its board agreed to be bought by INR Holdings, which is owned by Texas investors Cyril Wagner and Jack Brown, for $31.75 a common share and associated purchase rights.

Insilco Corp., the maker of Rolodex filing systems and Red Devil paints, Thursday said that it has agreed to merge with INR Holdings Inc. for about $1.1 billion, dropping an earlier agreement to be bought out by a group including senior management. Insilco, a Meriden, Conn.-based diversified manufacturer, said its board agreed to be bought by INR Holdings, which is owned by Texas investors Cyril Wagner and Jack Brown, for $31.75 a common share and associated purchase rights.

Max Sinclair, 81, who with his six brothers and one sister founded the Sinclair Paint Co. in Los Angeles in 1932. Max Sinclair specialized in the shellacs used in bowling alleys and also worked in the sales and product development divisions of Sinclair, which was sold to the Chicago-based Insilco Corp. in 1971. The company, which started at Olympic Boulevard and Main Street, grew into the largest regional paint firm on the West Coast with 41 stores.