ALCO STANDARD ACQUIRES COPYTECH, INC.
VALLEY FORGE, Pa., Sept. 8 /PRNewswire/ -- Alco Standard Corporation (NYSE: ASN) today announced the acquisition of CopyTech, Inc., of Gulfport, Miss. The company sells, leases and services Canon copiers and facsimile equipment. CopyTech will become a market extension of J.L. Teel Company Inc., under the direction of Jim Teel, president, and will operate as a branch of Teel. Combined annual revenues for CopyTech and Teel are projected to approach $12 million. Alco Office Products, headquartered in Valley Forge, is the largest network of independent copier and office equipment dealers in the world. Fiscal 1994 revenues will approach $2 billion. Alco Standard Corporation, also headquartered in Valley Forge, is a publicly owned distribution and services company with annualized revenues exceeding $7 billion. /delval/ -0- 9/8/93 /CONTACT: David B. Kirkland of Alco Standard, 215-296-8000, or, home, 215-542-9025/ (ASN)
CO: Alco Standard Corporation; CopyTech, Inc. ST: Pennsylvania, Mississippi IN: PAP SU: TNM
MK-MP -- PH007 -- 9686 09/08/93 09:45 EDT
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|Date:||Sep 8, 1993|
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