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ALCO STANDARD ACQUIRES COPY-KRAFT

 VALLEY FORGE, Pa., Dec. 21 /PRNewswire/ -- Alco Standard Corporation (NYSE: ASN) announced today the acquisition of Copy-Kraft, Inc., of Albuquerque, N.M., for an undisclosed amount of cash.
 The company sells, leases and services Canon copiers and facsimile equipment. It will become a market extension of Business Machines Center, also in Albuquerque, under the direction of David F. Wetzel, president.
 Combined annual revenues for Copy-Kraft and Business Machines Center are projected to exceed $8 million.
 Business Machines Center is an operating company within Alco Office Products, the largest network of independent copier and office equipment dealers in the world and the only independent distribution network with international scope.
 Alco Office Products, headquartered in Valley Forge, ended fiscal 1992 with revenues of $1.3 billion and operating income of $105 million, representing a 32.2 percent increase in earnings over fiscal 1991.
 Alco Standard Corporation, also headquartered in Valley Forge, is a publicly owned paper and office products distribution company. For its fiscal year ended Sept. 30, 1992, revenues were $4.9 billion.
 /delval/
 -0- 12/21/92
 /CONTACT: David B. Kirkland of Alco Standard, 215-993-3730 or 215-296-8000, or at home, 215-542-9025/
 (ASN)


CO: Alco Standard Corporation; Copy-Kraft, Inc. ST: Pennsylvania, New Mexico IN: SU: TNM

LJ-MK -- PH004 -- 8686 12/21/92 10:03 EST
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Publication:PR Newswire
Date:Dec 21, 1992
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