*NEWS*NASHUA COMPLETES SALE TO KATUN

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*NEWS*NASHUA COMPLETES SALE TO KATUN

 user 2006-04-19 at 12:24:00 pm Views: 79
  • #14893

    Nashua Corporation Completes Majority of Its Planned Sale of Toner and Developer Assets to Katun Corporation
    NASHUA, NH  — 04/06 — Nashua Corporation , a manufacturer of labels and thermal and specialty papers, today announced that its previously announced planned sale of certain of its toner and developer assets to Katun Corporation closed as scheduled on March 31, 2006 with certain assets remaining to be transferred. The assets involved in the transaction included certain toner and developer formulations and related equipment. Nashua also said that it expects the remaining assets to be transferred to Katun within three months.
    Andrew Albert, Chairman, President and Chief Executive Officer of Nashua Corporation stated, “We are pleased with the progress of the liquidation to date and believe that both companies have finalized a mutually beneficial transaction. As we’d previously announced, Nashua has exited the toner and developer business.”
    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. Additional information about Nashua Corporation can be found at http://www.nashua.com.