ALCO STANDARD ACQUIRES WESTERN BUSINESS RESOURCES, INC.
VALLEY FORGE, Pa., Oct. 6 /PRNewswire/ -- Alco Standard Corporation (NYSE: ASN) today announced the acquisition of Western Business Resources, Inc. (WBR) of Rapid City, S.D. WBR sells and services Ricoh copiers and facsimile equipment and IBM and Compaq computer systems. Annual revenues for WBR are expected to exceed $5 million. The company will remain in its present location under the direction of new President John Richmond. 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- 10/6/93 /CONTACT: David B. Kirkland of Alco Standard, 215-296-8000, or at home, 215-542-9025/ (ASN)
CO: Alco Standard Corporation; Western Business Resources, Inc. ST: Pennsylvania, South Dakota IN: PAP SU: TNM
MK-LJ -- PH009 -- 9226 10/06/93 09:36 EDT
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|Date:||Oct 6, 1993|
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