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HARLAND COMPLETES ROCKY MOUNTAIN ACQUISITION

 ATLANTA, Jan. 4 /PRNewswire/ -- The John H. Harland Company (NYSE: JH) announced the completion of its acquisition of Rocky Mountain Bank Note Company.
 Harland paid $36 million in cash to purchase the net assets of the Lakewood, Colo.-based check printer, which had 1992 revenues of approximately $80 million.
 "The acquisition of Rocky Mountain coupled with the Interchecks purchase earlier in the year provides Harland with much greater penetration in the Western states," said Robert R. Woodson, Harland chairman, president and chief executive officer. "The combination of human and technical resources will enhance our service capabilities to this important customer base."
 According to Woodson, Harland expects significant consolidation opportunities to positively impact profits. "Although the acquisition will have a slight dilutive impact on 1993 earnings, the long-term effects of production efficiencies are very positive," said Woodson.
 Atlanta-based Harland is one of the nation's largest check printers and serves the financial community with a variety of related products and services. In addition, Harland is a national participant in the data service industry, serving educational and commercial markets. The company has production facilities for its business units across the United States and in Puerto Rico and Switzerland.
 -0- 1/4/93
 /CONTACT: Robert R. Woodson, chairman, president and chief executive officer, or Michael S. Rupe, senior vice president, of John H. Harland Company, 404-981-9460/
 (JH)


CO: John H. Harland Company; Rocky Mountain Bank Note Company ST: Georgia, Colorado IN: SU: TNM

BN-BR -- AT003 -- 1218 01/04/93 10:02 EST
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Publication:PR Newswire
Date:Jan 4, 1993
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