Oce-USA Inc. acquires converting and distribution assets of Foto-Fax of Michigan Inc.; second supplies acquisition in two months for expanding Oce-USA.CHICAGO--(BUSINESS WIRE)--Nov. 1, 1995--Oce-USA Inc., a subsidiary of Oce-van der Grinten (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : OCENY), announced today it has entered into an agreement to acquire certain assets of Foto-Fax of Michigan Inc., a private, Detroit-based paper processing company with operations in Taylor, Mich., Dallas and Atlanta. The acquisition includes Foto-Fax's paper converting equipment, product formulas, distribution warehouses, inventory and trademark rights. Terms were not disclosed. ``This agreement, combined with the September acquisition of California-based Douglas Paper Company Inc., underscores Oce's intent to rapidly expand its design imaging supplies business in all parts of the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. ,'' said Jan Dix, president, Oce-USA. The addition of Detroit and Atlanta converting and distribution capabilities allows Oce to expand its on-demand, next-day delivery of papers, films and vellums to blueprinting and service bureau customers in the North Central and Southeast regions. ``Oce's customer base in these regions can expect increased product availability -- even during periods of peak demand,'' said Joseph Marciano, group vice president, supplies, Oce-USA. Foto-Fax customers will gain access to Oce's broad product line -- including diazo di·az·o adj. Relating to or containing a pair of bonded nitrogen atoms, one of which is also bonded to an aromatic hydrocarbon. Adj. 1. diazo - relating to or containing diazonium and plain-paper products, ink jet See inkjet printer. , and color display graphics -- backed by ``a financially sound company committed to extensive support services support services Psychology Non-health care-related ancillary services–eg, transportation, financial aid, support groups, homemaker services, respite services, and other services and aggressive research and development,'' he said. Oce already maintains coating and converting operations in Charleston, Ill., Guilford, Conn. and Corona, Calif. The company also has distribution centers in Seattle, San Francisco, Los Angeles, Denver, Dallas, Houston, Orlando, Atlanta, Richmond, Va., Chicago, Pittsburgh and Guilford. In Atlanta and Dallas the Foto-Fax and Oce distribution centers will be combined. Oce currently is analyzing what Foto-Fax operations will be retained when the acquisition is assimilated into the Oce organization. Foto-Fax of Michigan Inc. serves a range of blueprinting and reprographic firms, producing diazo papers and films, xerographic xe·rog·ra·phy n. A dry photographic or photocopying process in which a negative image formed by a resinous powder on an electrically charged plate is electrically transferred to and thermally fixed as positive on a paper or other copying surface. papers, films and vellums and plotter papers, films and vellums. Oce-USA Inc. comprises Oce-Office Systems, a leading distributor and service provider of mid- and high-volume plain-paper office copiers and Oce-Bruning, a leader in wide-format reprographic equipment and supplies. Oce-USA is the first reprographics Duplicating printed materials using various kinds of printing presses and high-speed copiers. company with an ISO (1) See ISO speed. (2) (International Organization for Standardization, Geneva, Switzerland, www.iso.ch) An organization that sets international standards, founded in 1946. The U.S. member body is ANSI. 9000-certified service organization also to offer equipment produced under an ISO 9000-certified quality system. Oce-USA has more than 55 branch offices nationwide and is part of Oce-van der Grinten's global network of companies. Oce-van der Grinten, headquartered in the Netherlands, employs more than 12,000 people worldwide and posted revenues of more than $1.7 billion. NOTE TO EDITORS: The e-mail address below should contain the ``at'' symbol before edelman.com. It is possible this symbol may not appear properly in some systems. CONTACT: Edelman Public Relations public relations, activities and policies used to create public interest in a person, idea, product, institution, or business establishment. By its nature, public relations is devoted to serving particular interests by presenting them to the public in the most , Chicago Brian Hanover, 312/240-2685 e-mail at bhanover@edelman.com |
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