*NEWS*NASHUA’S LETTER OF INTENT W/KATUN .

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*NEWS*NASHUA’S LETTER OF INTENT W/KATUN .

 user 2005-11-15 at 11:40:00 am Views: 51
  • #13255

    Nashua Corporation Announces Execution of Non-Binding Letter of Intent With Katun Corporation
    NASHUA,
    NH 11/2005 — Nashua Corporation , a manufacturer and marketer of
    labels, thermal and specialty papers and imaging products, today
    announced that it had executed a non-binding letter of intent with
    Katun Corporation of Minneapolis, Minnesota, relative to the sale of
    certain aspects of its toner and developer business, including its
    toner and developer formulations and certain related assets.
    Nashua Corporation previously announced its plan to exit the toner and developer business in April 2005.
    Andrew
    Albert, Chairman, President and Chief Executive Officer of Nashua
    Corporation, stated, “We are pleased to enter into the letter of intent
    with Katun Corporation as we continue to work towards the completion of
    a binding definitive purchase and sale agreement. We continue to expect
    our exit of the toner and developer business to be completed by March
    31, 2006.”
    About Nashua
    Nashua Corporation manufactures and
    markets a wide variety of specialty imaging products and services to
    industrial and commercial customers to meet various print application
    needs. The Company’s products include thermal coated papers,
    pressure-sensitive labels, bond, point of sale, ATM and wide format
    papers, entertainment tickets, and ribbons for use in imaging devices.