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C.R. GIBSON FINALIZES PURCHASE OF RYTEX

 NORWALK, Conn., May 11 /PRNewswire/ -- Mr. Frank A. Rosenberry, president and CEO of the C.R. Gibson, today announced that the C.R. Gibson Company (AMEX: GIB) has finalized the purchase of substantially all of the assets and business of The Rytex Company of Indianapolis. The Rytex Company is a manufacturer and distributor of fine stationery and personalized paper products for sale to stationery stores and other commercial outlets. Additionally, the Rytex Company produces two catalogs under the trade name "The Write Touch" and "Writewell" which are used to distribute product directly to the consumer.
 Mr. Rosenberry stated that "The acquisition of The Rytex Company represents, in addition to its own personalized stationery, an opportunity for The C.R. Gibson Company to personalize many of its own product." Furthermore, Mr. Rosenberry stated that "The additional distribution afforded by the direct-mail business represents an exciting and an extremely unique opportunity for The C.R. Gibson Company."
 For the fiscal year ended 1992, The Rytex Company sales were approximately $10 million. The C.R. Gibson Company is a diversified manufacturer and distributor of published products and paper gift items. The stock is listed on the American Stock Exchange, symbol GIB.
 -0- 5/11/93
 /CONTACT: Frank A. Rosenberry, president and CEO, or James M. Harrison, vice president and CFO of The C.R. Gibson Company, 203-847-4543, or fax, 203-847-7613/
 (GIB)


CO: C. R. Gibson; The Rytex Company ST: Connecticut IN: PAP SU: TNM

TS-PS -- NY020 -- 6906 05/11/93 09:32 EDT
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Publication:PR Newswire
Date:May 11, 1993
Words:250
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