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MERRILL CORPORATION ANNOUNCES INTENT TO PURCHASE MAY PRINTING COMPANY

 ST. PAUL, Minn., Oct. 5 /PRNewswire/ -- Merrill Corporation (NASDAQ: MRLL) today announced that it has entered into a letter of intent to acquire May Printing Company of St. Cloud, Minn. May's primary business is providing demand printing and distribution services relating to corporate identity and direct marketing programs for nationwide companies such as realty networks and other national franchise operations. Terms of the proposal acquisition were not disclosed.
 In commenting on the proposed acquisition, John Castro, president and CEO of Merrill Corporation, said, "The May acquisition gives us a significant opportunity to leverage our existing client relationships while building our commercial sales. May provides a distinct and valuable service and we believe it is positioned for solid growth. In addition, we believe that May's sophisticated fulfillment network will complement Merrill's core business and increase our capabilities in document distribution. This is a major acquisition for Merrill and we are excited about the opportunities that it represents."
 Thomas L. May, chairman of the board and CEO of the seventy-eight year old May Printing Company, said, "We see this acquisition as being of tremendous benefit to May, our customers, employees and the community."
 Merrill is proceeding with its due diligence on this transaction. Subject to entering into a definitive agreement and satisfying all conditions to the transaction, the parties expect the acquisition to be completed before the end of the year.
 Merrill Corporation is a leading provider of on-demand, 24-hour-per- day typesetting, printing, document reproduction, imaging and distribution services to financial, legal, corporate, commercial and insurance markets, worldwide.
 -0- 10/5/93
 /CONTACT: Melissa Quinn of Padilla Speer Beardsley, 612-871-8877, for Merrill Corporation; or Steve Machov of Merrill Corporation, 612-649-1272/
 (MRLL)


CO: Merrill Corporation ST: Minnesota IN: PUB SU: TNM

AL -- MN002 -- 8703 10/05/93 08:32 EDT
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Publication:PR Newswire
Date:Oct 5, 1993
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