Dal-Tile International Announces Intention to File Secondary Offering

Apr 11, 2001, 01:00 ET from Dal-Tile International Inc.

    DALLAS, April 11 /PRNewswire/ -- Dal-Tile International Inc. (NYSE:   DTL)
 today announced that it intends to file a registration statement with the
 Securities and Exchange Commission for an underwritten offering of shares of
 its common stock.  It is currently anticipated that approximately
 14,000,000 shares will be offered by certain selling stockholders and that the
 underwriters will be granted an over-allotment option.  The selling
 stockholders will be certain unit holders of DTI Investors LLC (an affiliate
 of AEA Investors Inc.), which currently holds approximately 28,600,000
 Dal-Tile shares.  Following the offering, the remaining shares will be subject
 to lock-up arrangements that are expected to expire in the fourth quarter of
 2001.  Dal-Tile will not receive any proceeds from the sale of the shares.
 The offering is expected to be completed in the second quarter of 2001.  The
 timing of the filing of the registration statement and the commencement of the
 offering are dependent on market conditions and other factors and are subject
 to change.
     Jacques Sardas, chairman, president and CEO of Dal-Tile, stated, "AEA has
 been a long time partner and investor in Dal-Tile and we have always valued
 and appreciated their support.  Their desire to obtain liquidity is
 understandable.  Looking ahead, the offering will result in an increased stock
 float and a broader shareholder base, which we believe will benefit Dal-Tile."
     Dal-Tile is the largest manufacturer, distributor and marketer of ceramic
 tile in the United States, and one of the largest in the world.  Headquartered
 in Dallas, Texas, the Company has approximately 7,600 employees at its
 facilities in North America.  The Company sells its products, marketed under
 the brand names Daltile(R) and American Olean(R) through a network of
 Company-operated sales centers, independent distributors and leading retail
 home centers nationwide.  Dal-Tile common stock is traded on the New York
 Stock Exchange under the symbol DTL.  Additional information on the company
 and its products is available on the Worldwide Web at http://www.daltile.com.
     This news release is not an offer to sell or the solicitation of an offer
 to buy, nor will there be any sale of Dal-Tile common stock in any state in
 which such an offer, solicitation or sale would be unlawful before
 registration or qualification under the securities laws of such state.  The
 common stock proposed to be sold may not be sold, nor may any offers to buy be
 accepted, before a registration statement is filed with the Securities and
 Exchange Commission and becomes effective.  An offering of Dal-Tile common
 stock, if made, will only be made by means of a prospectus.
     Note: Safe Harbor Statement under the Private Securities Litigation Reform
 Act of 1995: Certain of the statements in this press release, particularly
 those anticipating future financial performance, business prospects, growth
 and operating strategies, new products and similar matters, constitute
 "forward-looking statements".  For those statements, Dal-Tile claims the
 protection of the safe harbor for forward-looking statements contained in the
 Private Securities Litigation Reform Act of 1995.  The statements are based on
 assumptions regarding the Company's ability to maintain its sales growth and
 gross margins and to control costs and on assumptions regarding the
 performance of the economy.  These statements are based largely on the
 Company's expectations and are subject to a number of risks, uncertainties,
 and other factors that could cause actual results to differ materially from
 those expressed in the forward-looking statements.  Such factors include,
 among other things, the impact of competitive pressures and changing economic
 conditions on the Company's business and its dependence on residential and
 commercial construction activity, the fact that the Company is highly
 leveraged, reliance on third party suppliers, increases in prices of raw
 materials and energy, currency fluctuations, other factors relating to the
 Company's foreign manufacturing operations, the impact of pending reductions
 in tariffs and customs duties, environmental laws and regulations, and the
 risk factors or uncertainties listed from time to time in Dal-Tile's filings
 with the Securities and Exchange Commission.
 
 

SOURCE Dal-Tile International Inc.
    DALLAS, April 11 /PRNewswire/ -- Dal-Tile International Inc. (NYSE:   DTL)
 today announced that it intends to file a registration statement with the
 Securities and Exchange Commission for an underwritten offering of shares of
 its common stock.  It is currently anticipated that approximately
 14,000,000 shares will be offered by certain selling stockholders and that the
 underwriters will be granted an over-allotment option.  The selling
 stockholders will be certain unit holders of DTI Investors LLC (an affiliate
 of AEA Investors Inc.), which currently holds approximately 28,600,000
 Dal-Tile shares.  Following the offering, the remaining shares will be subject
 to lock-up arrangements that are expected to expire in the fourth quarter of
 2001.  Dal-Tile will not receive any proceeds from the sale of the shares.
 The offering is expected to be completed in the second quarter of 2001.  The
 timing of the filing of the registration statement and the commencement of the
 offering are dependent on market conditions and other factors and are subject
 to change.
     Jacques Sardas, chairman, president and CEO of Dal-Tile, stated, "AEA has
 been a long time partner and investor in Dal-Tile and we have always valued
 and appreciated their support.  Their desire to obtain liquidity is
 understandable.  Looking ahead, the offering will result in an increased stock
 float and a broader shareholder base, which we believe will benefit Dal-Tile."
     Dal-Tile is the largest manufacturer, distributor and marketer of ceramic
 tile in the United States, and one of the largest in the world.  Headquartered
 in Dallas, Texas, the Company has approximately 7,600 employees at its
 facilities in North America.  The Company sells its products, marketed under
 the brand names Daltile(R) and American Olean(R) through a network of
 Company-operated sales centers, independent distributors and leading retail
 home centers nationwide.  Dal-Tile common stock is traded on the New York
 Stock Exchange under the symbol DTL.  Additional information on the company
 and its products is available on the Worldwide Web at http://www.daltile.com.
     This news release is not an offer to sell or the solicitation of an offer
 to buy, nor will there be any sale of Dal-Tile common stock in any state in
 which such an offer, solicitation or sale would be unlawful before
 registration or qualification under the securities laws of such state.  The
 common stock proposed to be sold may not be sold, nor may any offers to buy be
 accepted, before a registration statement is filed with the Securities and
 Exchange Commission and becomes effective.  An offering of Dal-Tile common
 stock, if made, will only be made by means of a prospectus.
     Note: Safe Harbor Statement under the Private Securities Litigation Reform
 Act of 1995: Certain of the statements in this press release, particularly
 those anticipating future financial performance, business prospects, growth
 and operating strategies, new products and similar matters, constitute
 "forward-looking statements".  For those statements, Dal-Tile claims the
 protection of the safe harbor for forward-looking statements contained in the
 Private Securities Litigation Reform Act of 1995.  The statements are based on
 assumptions regarding the Company's ability to maintain its sales growth and
 gross margins and to control costs and on assumptions regarding the
 performance of the economy.  These statements are based largely on the
 Company's expectations and are subject to a number of risks, uncertainties,
 and other factors that could cause actual results to differ materially from
 those expressed in the forward-looking statements.  Such factors include,
 among other things, the impact of competitive pressures and changing economic
 conditions on the Company's business and its dependence on residential and
 commercial construction activity, the fact that the Company is highly
 leveraged, reliance on third party suppliers, increases in prices of raw
 materials and energy, currency fluctuations, other factors relating to the
 Company's foreign manufacturing operations, the impact of pending reductions
 in tariffs and customs duties, environmental laws and regulations, and the
 risk factors or uncertainties listed from time to time in Dal-Tile's filings
 with the Securities and Exchange Commission.
 
 SOURCE  Dal-Tile International Inc.