Checkpoint Systems to acquire distributor in Japan.THOROFARE, N.J.--(BUSINESS WIRE)--Dec. 10, 1996--Checkpoint Systems, Inc. (NYSE NYSE See: New York Stock Exchange :CKP CKP Checkpoint CKP Crankshaft Position CKP Chandraseniya Kayastha Prabhu (caste of Maharastra, India) CKP Chris Key Players (band) CKP Concept Knowledge Processing ) today announced that it has signed a letter of intent to acquire its distributor in Japan, Checkpoint Systems Japan, Co., Ltd. With operations throughout Japan, Checkpoint Japan has been Checkpoint's exclusive distributor for retail products since 1984. Kevin P. Dowd, president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Checkpoint, commented, "Our distributor has built a strong business base in Japan and with Checkpoint's direct ownership, the acquisition will both expand our opportunities for significant growth and enhance our relationships directly with retail customers in Japan." The acquisition for an undisclosed amount, is subject to the execution of a definitive purchase agreement and is expected to be completed before December 31, 1996. Checkpoint Systems Inc., located in Thorofare, New Jersey Thorofare is an unincorporated area within West Deptford Township in Gloucester County, New Jersey, United States. The area is served as United States Postal Service ZIP Code 08086. , is a leading provider of integrated security solutions for retailers worldwide. The company is also the leading provider of radio frequency (RF) source tagging, which allows its paper-thin RF tags to be embedded into product packaging. CONTACT: Mallory Factor Inc., New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of Steve Gaynes, 212/350-0000 or Checkpoint Systems Inc., Thorofare Jeffrey Reinhold, 800/257-5540 ext. 2457 |
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