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ALCO ACQUIRES WORCESTER BUSINESS MACHINES

 ALCO ACQUIRES WORCESTER BUSINESS MACHINES
 VALLEY FORGE, Pa., May 21 /PRNewswire/ -- Alco Standard Corporation


(NYSE: ASN) today announced the acquisition of Worcester Business Machines and Worcester Financial Services.
 These companies, based in Worcester, Mass., will operate as a market extension of A-Copy, Alco Office Products' largest equipment dealer, with headquarters in Glastonbury, Conn. Combined 1992 revenues for A-Copy and Worcester are projected to exceed $100 million.
 Alco Office Products, an Alco Standard company headquartered in Valley Forge, is 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 ended fiscal 1991 with revenues exceeding $1 billion and operating income of $80 million, representing a 35 percent increase in earnings over fiscal 1990.
 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- 5/21/92
 /CONTACT: David B. Kirkland of Alco Standard, 215-296-8000, or home, 215-542-9025/
 (ASN) CO: Alco Standard Corporation; Worcester Business Machines; Worcester
 Financial Services; Alco Office Products ST: Pennsylvania, Connecticut, Massachusetts IN: SU: TNM


CC-MP -- PH046 -- 3014 05/21/92 16:01 EDT
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Publication:PR Newswire
Date:May 21, 1992
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