Paxar Acquires 10% Ownership in Disc Graphics
Thursday, February 06, 2003
WHITE PLAINS, N.Y.--Feb. 5, 2003--Paxar Corporation announced that it acquired 10% of the equity of Disc Graphics, Inc., a diversified manufacturer and printer of specialty paperboard packaging. Disc has printing plants in Hauppauge, NY, Rockaway, NJ, and Burbank, CA. Its sales for the last year were approximately $50 million. Paul J. Griswold, President and Chief Executive Officer, stated, "Our investment in Disc Graphics provides Paxar with a valuable new alliance with a leading supplier of a broad range of innovative high quality graphic packaging. Our relationship with Disc increases our capabilities, which will enable us to provide value-added solutions for retail and brand apparel customers. Through this relationship, we can provide our customers with new and exciting ways to differentiate their products in a highly competitive marketplace. Expanding our concept to checkout value proposition is a key element in our growth strategy." Paxar is a global leader in providing innovative merchandising systems to retailers and apparel manufacturers. Paxar's concept to checkout capabilities, global manufacturing operations, worldwide distribution network and brand recognition are enabling the Company to expand its competitive advantage and market share.