CalComp Completes Sale of Supplies Business to Budde International.ANAHEIM, Calif.--(BUSINESS WIRE)--April 14, 1999-- CalComp Technology Inc. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB:CLCP CLCP Certified Literate Community Program ) Wednesday said it has completed the sale of a portion of its supplies business to Budde International Inc. (BII BII Bank Internasional Indonesia BII British Institute of Innkeepers BII Bioindustry Initiative (US Department of State) BII Bronco II (Ford truck; predecessor of the Explorer) BII Basic Issue Item ) of Cypress, Calif., a privately held global distributor of computer-graphics hardware, software and supplies. Terms of the sale were not disclosed. With the acquisition of CalComp's supplies business, BII, which has been a business partner with CalComp since 1985, intends to continue to distribute the full range of CalComp-branded supply products through the existing network of distributors and resellers in North and South America South America, fourth largest continent (1991 est. pop. 299,150,000), c.6,880,000 sq mi (17,819,000 sq km), the southern of the two continents of the Western Hemisphere. , Asia and the Pacific Rim, and other parts of the world. The acquisition does not include CalComp's supplies business in Europe and Africa. CalComp intends to sell its remaining supplies business, as well as its other assets other assets Assets of relatively small value. For financial reporting purposes, firms frequently combine small assets into a single category rather than listing each item separately. . As previously announced, CalComp is proceeding with an orderly nonbankruptcy shutdown of operations. Prior to its decision to cease operations, CalComp Technology was a leading developer and manufacturer of image-marking systems and components that support advanced digital printing applications. Budde International has headquarters in Cypress. For more information, contact Steve Jeffrey at 714/816-2200, facsimile number 714/816-2205, or visit the BII Web site at www.budde.com. |
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