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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.
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