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ALCO ACQUIRES ALLSTATE BUSINESS SYSTEMS

 ALCO ACQUIRES ALLSTATE BUSINESS SYSTEMS
 VALLEY FORGE, Pa., Sept. 8 /PRNewswire/ -- Alco Standard Corporation


(NYSE: ASN) today announced the acquisition of Allstate Business Systems of Atlanta for an undisclosed amount of cash.
 The company sells, leases and services Canon copiers and facsimile equipment. Allstate will remain at its present location under the leadership of Walter R. Williams, president.
 Allstate's annualized revenues are projected to exceed $16 million. The company will become part of Alco Office Products, the largest network of independent copier and office equipment dealers in North America and the only independent distribution network with national scope.
 Alco Office Products, headquartered in Valley Forge, ended fiscal 1991 with revenues exceeding $1 billion and operating income of $80 million, representing a 35 percent increase in earnings over fiscal 1990. For the first nine months of fiscal 1992, operating income jumped 29 percent over the first nine months of fiscal 1991.
 Alco Standard Corporation, also headquartered in Valley Forge, is a publicly owned distribution and services company. For its fiscal year ended Sept. 30, 1991, revenues were $4.8 billion.
 /delval/
 -0- 9/8/92
 /CONTACT: David B. Kirkland of Alco Standard, 215-296-8000, or, home, 215-542-9025/
 (ASN) CO: Alco Standard Corporation; Allstate Business Systems ST: Pennsylvania, Georgia IN: SU: TNM


MK -- PH016 -- 6940 09/08/92 10:57 EDT
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Publication:PR Newswire
Date:Sep 8, 1992
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