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ALCO STANDARD ACQUIRES REMCO BUSINESS PRODUCTS

 VALLEY FORGE, Pa., March 4 /PRNewswire/ -- Alco Standard (NYSE: ASN) today announced the acquisition of Remco Business Products, headquartered in San Diego, for an undisclosed amount of cash.
 The company sells, leases and services Canon copiers and facsimile equipment and will remain at its present locations under the direction of its president, Wesley R. Severson.
 For fiscal 1993, Remco's annual revenues are expected to exceed $12.5 million.
 Remco Business Products will become an operating company within Alco Office Products, the largest network of independent copier and office equipment dealers in the world and the only independent distribution network with international scope.
 Alco Office Products, headquartered in Valley Forge, ended fiscal 1992 with revenues of $1.3 billion and operating income of $105 million, representing a 32.2 percent increase in earnings over fiscal 1991.
 Alco Standard Corporation, also headquartered in Valley Forge, is a publicly owned paper and office products distribution company. For its fiscal year ended Sept. 30, 1992, revenues were $4.9 billion.
 /delval/
 -0- 3/4/93
 /CONTACT: David B. Kirkland of Alco Standard, 215-296-8000, or home, 215-542-9025/
 (ASN)


CO: Alco Standard Corporation; Remco Business Products ST: Pennsylvania, California IN: PAP SU: TNM

MK-MP -- PH004 -- 2834 03/04/93 09:17 EST
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Publication:PR Newswire
Date:Mar 4, 1993
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