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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.
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