NASHUA COMPLETES ASSETS SALE TO KATUN

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NASHUA COMPLETES ASSETS SALE TO KATUN

 user 2006-04-19 at 12:25:00 pm Views: 39
  • #15136

    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.