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Oce Acquires Azon Assets from Precision Paper Company

Friday, January 21, 2005

Press release from the issuing company

CHICAGO, Jan. 20 -- Oce, a global leader in digital document management and delivery solutions, today announced the acquisition of assets associated with two converting and distribution facilities in Arlington, TX and Torrance, CA. These assets were purchased from Precision Paper Company, a supplier of printing substrates to the reprographic industry throughout the southeastern United States. Precision Paper recently purchased these assets from InteliCoat Technologies as part of a larger transaction in which InteliCoat divested their reprographic business, primarily known for the Azon branded product line. Precision Paper, in turn, sold the interests in Arlington, TX and Torrance, CA to Oce. Financial details were not disclosed. Through its Oce Imaging Supplies division, Oce will serve the former InteliCoat reprographic customers who purchased the AzonColor, Comstoc, and Reprographic Classic brands of supplies for reprographic and computer-aided design (CAD) printing applications. Former Azon brand customers will be served through the current Oce sales and distribution network, effective immediately. Current Azon phone and fax numbers will remain in place for the next four weeks. A chart providing equivalent Oce products for over 200 Azon products is available at http://www.oceusa.com/azonproducts .

 

 

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