ALCO STANDARD ACQUIRES VISUAL COMMUNICATIONS, INC.
VALLEY FORGE, Pa., Sept. 8 /PRNewswire/ -- Alco Standard Corporation (NYSE: ASN) today announced the acquisition of assets of Visual Communications, Inc. (VCI) of Fort Lauderdale, Fla., including its Nashua supply business. The company sells, leases and services Canon copiers and facsimile equipment. VCI will become a market extension of Delta Business Systems under the direction of Bryan King, president. Combined annual revenues for VCI and Delta are projected to exceed $84 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; Visual Communications, Inc. ST: Pennsylvania, Florida IN: PAP SU: TNM
MK-MP -- PH008 -- 9688 09/08/93 09:47 EDT
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|Date:||Sep 8, 1993|
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