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ALCO ACQUIRES PEACE RIVER PHOTOCOPY

 ALCO ACQUIRES PEACE RIVER PHOTOCOPY
 VALLEY FORGE, Pa., Aug. 29 /PRNewswire/ -- Alco Standard Corporation


(NYSE: ASN) announced today the acquisition of Peace River Photocopy, Ltd. for an undisclosed amount of cash.
 Peace River Photocopy is headquartered in Fort St. John, British Columbia, Canada. The company sells, leases and services Canon copiers, facsimile machines, typewriters and calculators. It will become a market extension of Lion Business Machines of Edmonton, Alberta, under the leadership of Larry Villneff, President.
 Combined annual revenues for Peace River Photocopy and Lion Business Machines are expected to exceed US $28 million.
 Lion Business Machines is one of 50 operating companies within 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, Pennsylvania, 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- 8/28/92
 /CONTACT: David B. Kirkland of Alco Standard, 215-296-8000, or at home, 215-542-9025/
 (ASN) CO: Alco Standard Corporation; Peace River Photocopy, Ltd. ST: Pennsylvania IN: PAP SU: TNM


MJ -- PH033 -- 4524 08/28/92 15:47 EDT
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Date:Aug 28, 1992
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