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NELA purchases Stoesser Register Punch and Bender Product Line from Olec Corporation

Tuesday, March 06, 2007

Press release from the issuing company

Oakdale, MN / Santa Ana, CA / Miami, FL – 3 March 2007 - NELA is pleased to announce the acquisition of Stoesser Register Punch and Bender Product Line from Olec Corporation of Santa Ana, CA. The deal was announced during Graphics of the Americas in Miami. “The Stoesser product line complements our Ternes products for sheetfed printers in the US as well as in South America”, David Klein, President of NELA. With this acquisition we will be able to better accommodate the sheetfed market. Don Ohlig, Managing Director of Olec Corporation: “Stoesser was found in 1946 and has created many standards and innovations for the printing industry. A widely established network of dealers and OEMs handles a variety of products which allow the user to customize their register products needs.” About NELA: NELA forms the largest register control and plate automation company in the printing industry. Register systems include inline punch and bending system for offset presses--both Newspaper and Commercial--and plate automation and transportation systems. With more than 800 Vision PunchBender systems installed across the world, NELA is the leading technologist and state of the art manufacturer in plate automation and register systems in the world.




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